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You have just won the state lottery and have two choices for collecting your winnings. You can collect $109.000 today or receive $20,800 at the

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You have just won the state lottery and have two choices for collecting your winnings. You can collect $109.000 today or receive $20,800 at the end of each year for the next seven years. A financial analyst has told you that you can earn 8% on your investments Required: 1. Calculate the present value of both the options (FV of 1. PV of S1. EVA of S1, and PVA of $11 (Use the appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar) Present Value Option 1 Option 2 2. Which alternative should you select O Option 1 Option 2

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