You have just won the state lottery and have two choices for collecting your winnings. You can collect $112,000 today or receive $21,400 at the end of each year for the next seven years. A financial analyst has told you that you can earn 8 percent on your investments. Required: 1. Calculate the present value of both the options (FV of $1,PV of $1, FVA of $1, and PVA of $1 ) Note: Use appropriate factor(s) from the tables provided. 2. Which alternative should you select? Complete this question by entering your answers in the tabs below. Calculate the present value of both the options. Note: Round your answers to nearest whole dollar