You win an OLG scratch lottery today and are presented with the following three options to receive your prize. (6 marks total)

Option A: $13,000 end of quarter payments for 10 years.

Option B: A lump sum payment of $170,000 in 2 years and another lump sum payment of $250,000 in 4 years from today.

Option C: $4,850 beginning of the month payments for 10 years, BUT starting in exactly 12 years from today. (Deferred Annuity)

Which option is best (highest) using DCF if interest rates are 4% compounded annually?

4a) DCF for Option A

4b) DCF for Option B

4c) DCF for Option C