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You inherit $573,000. You can receive the $573,000 in one lump sum payment today or, alternatively, receive two amounts: $373,000 in 9 months and $220,000

You inherit $573,000. You can receive the $573,000 in one lump sum payment today or, alternatively, receive two amounts: $373,000 in 9 months and $220,000 in 21 months from today. If you can earn 11.1% per annum compounding monthly on your monies, what is the value of the option to receive two payments (in present day value)?

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