You have just won the state lottery and have two choices for collecting your winnings. You can collect $101,500 today or receive $20,300 at the end of each year for the next seven years. A financial analyst has told you that you can earn 10% 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) (Use the appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar.) Answer is complete but not entirely correct. Present Value Option 1 $ 101,500 Option 2 $ 136,582 2. Which alternative should you select? Option 1 Option 2