Question: 2.5 points 3 eBook Hint Pr References After hearing a knock at your front door, you are surprised to see the Prize Patrol from

2.5 points 3 eBook Hint Pr References After hearing a knock at

2.5 points 3 eBook Hint Pr References After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big winner, having won $37 million. You have three options. (a) Receive $1.85 million per year for the next 20 years. (b) Have $12.25 million today. Have $2.25 million today and receive $1,550,000 for each of the next 201 (c) years. Your financial adviser tells you that it is reasonable to expect to earn 14 percent on investments. Required: 1. Calculate the present value of each option. (Euture Value of $1. Present Value of $1. Euture Value Annuity of $1. Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar. Enter your answers in dollars, not in millions.) Option A Option B Option C Present Value Check my wor

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