You have won the lottery and have 3 choices. You can choose to receive $1,000,000 immediately in cash. Your second option is to receive a single payment of $2,000,000 at the end of 15 years. Your third option is to receive payments of $100,000 a year for 15 years. What is the value of this option, if your discount rate is 5%? Provide the answer for OPTION 1 (in this format x,xxx.xx) QUESTION 2 You have won the lottery and have 3 choices. You can choose to receive $1,000,000 immediately in cash. Your second option is to receive a single payment of $2,000,000 at the end of 15 years. Your third option is to receive payments of $100,000 a year for 15 years. What is the value of this option, if your discount rate is 5%? Provide the answer for OPTION 2 (in this format x,xxx.xx) QUESTION 3 You have won the lottery and have 3 choices. You can choose to receive $1,000,000 immediately in cash. Your second option is to receive a single payment of $2,000,000 at the end of 15 years. Your third option is to receive payments of $100,000 a year for 15 years. What is the value of this option, if your discount rate is 5%? Provide the answer for OPTION 3 (in this format x,xxx.xx) QUESTION 4 Which option should you choose if your discount rate is 5%? O Option 1 O Option 2 O Option 3 None of the above You have won the lottery and have 3 choices. You can choose to receive $1,000,000 immediately in cash. Your second option is to receive a single payment of $2,000,000 at the end of 15 years. Your third option is to receive payments of $100,000 a year for 15 years. What is the value of this option, if your discount rate is 5%? Provide the answer for OPTION 1 (in this format x,xxx.xx) QUESTION 2 You have won the lottery and have 3 choices. You can choose to receive $1,000,000 immediately in cash. Your second option is to receive a single payment of $2,000,000 at the end of 15 years. Your third option is to receive payments of $100,000 a year for 15 years. What is the value of this option, if your discount rate is 5%? Provide the answer for OPTION 2 (in this format x,xxx.xx) QUESTION 3 You have won the lottery and have 3 choices. You can choose to receive $1,000,000 immediately in cash. Your second option is to receive a single payment of $2,000,000 at the end of 15 years. Your third option is to receive payments of $100,000 a year for 15 years. What is the value of this option, if your discount rate is 5%? Provide the answer for OPTION 3 (in this format x,xxx.xx) QUESTION 4 Which option should you choose if your discount rate is 5%? O Option 1 O Option 2 O Option 3 None of the above