Congratulations! You’ve won a state lotto! The state lottery offers you the following (after- tax) payout options:
Option # 1: $ 15,000,000 four years from now
Option # 2: $ 2,200,000 at the end of each year for the next five years
Option # 3: $ 11,000,000 three years from now Requirement Assuming
Assuming that you can earn 10% on your funds, which option would you prefer?