Can Someone answer this problem please?

Julie has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $137,000 immediately as her full retirement benefit. Under the second option, she would receive $26,000 each year for seven years plus a lump-sum payment of $56,000 at the end of the seven-year period. Click here to view Exhibit 138-1 and Exhibit 138-2, to determine the appropriate discount factor(s) using es Required 1a. Calculate the present value for the following assuming that the money can be invested at 14%. (Round discount factor(s) to 3 decimal places.) Present Value of First Option Cash FlowDiscount Factor Present Value Lump-sum payment Present Value of Second Option Cash Flow Discount Factor Present Value Annual annuity Lump-sum payment Total present value lb. If you can investmoney at a 14 % return, which option would you prefer? First option Second option