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 toid you that you can earn 8% on your investments Required: 1. Calculate the present value of both the options (EV $1. P of $1. EVA of $1 and PVA of S1) (Use the appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar) Present Value Option1 Option 2 2. Which alternative should you select? Option 1 O Option 2