You have just won the state lottery and have two choices for collecting your winnings. You can collect $107,000 today or receive $20,500 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 (EV of $1. PV of $1. EVA 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. Require 1 Required 2 Calculate the present value of both the options. Note: Round your answers to nearest whole dollar. Present Value Option 11 Option 2 Reculled 1 Required 2>