You won the lottery and have a number of choices as to how to take the money. Which choice yields a greater present value? (Use a 10% discount/hurdle rate)

		Present Value of an Ordinary
Period	Present Value of $1 at 10%	Annuity of $1 at 10%
1	.909	.909
2	.826	1.736
3	.751	2.487
4	.683	3.170
5	.621	3.791

Group of answer choices

$65,000 (lump sum) now

$100,000 (lump sum) 5 years from now

$10,000 a year at the end of each of the next 5 years

$90,000 (lump sum) 4 years from now

Cannot be determined with the information provided