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You win $2 million in the lottery and must choose between the following options: Option 1) $2,000,000 today Option 2) 10 annual payments of $245,000

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You win $2 million in the lottery and must choose between the following options: Option 1) $2,000,000 today Option 2) 10 annual payments of $245,000 per year starting today. Option 3) $80,000 per year every year forever starting one year from today. Option 4) 10 payments of $255,000 per year starting 2 years from today. Regardless of the option you choose, you would invest the funds in an investment earning 4% compounded quarterly. Which option would you choose? Show your work

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