Congratulations! You have won a state lotto. The state lottery offers you the following (after-tax) payout options:

Question:

Congratulations! You have won a state lotto. The state lottery offers you the following (after-tax) payout options:
Option #1: $15,000,000 after five years.
Option #2: $2,150,000 per year for the next five years.
Option #3: $13,000,000 after three years.
Requirement
1. Assuming you can earn 8% on your funds, which option would you prefer?