6. Your poor Managerial Accounting professor, Mr. Stack, recently won the OCCC poor faculty benefit lottery for $1,200,000. Poor Mr. Stack has the option of receiving a lump-sum check for $605,000 or leaving the money in the OCCC poor faculty benefit fund and receiving an annual year-end check for $80,000 for each of the next 15 years. Mr. Stack likes to (and can) earn at least 10% return (the available interest rate) on his investments. For your information the following present value factors at 10% Present Value Present Value of End of Period of $1 an Annuity of $1 15 0.23939 7.60608 a. What is the present value amount of the lump sum - (be careful not to over-think this) (3 points): b. Please show your calculations and identify the present value of the annuity to be considered (5 points): c. Which choice financially (the lump sum or the annuity) should (poor) Mr. Stack select and state why this is the best choice? (3 Points)