Check my work 7 Exercise 7A-2 (Algo) Basic Present Value Concepts (L07-7) 14.32 points 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 $125,000 immediately as her full retirement benefit. Under the second option, she would receive $12,000 each year for 11 years plus a lump-sum payment of $51,000 at the end of the 11-year period. Click here to view Exhibit 7B-1 and Exhibit 78-2. to determine the appropriate discount factor(s) using tables. Required: 1-a. Calculate the present value for the following assuming that the money can be invested at 6%. 1-b. If she can invest money at 6%, which option would you recommend that she accept? eBook Hint Complete this question by entering your answers in the tabs below. References Req 1A Reg 1B Calculate the present value for the following assuming that the money can be invested at 6%. (Round your final answer to the nearest whole dollar amount.) Option 1 Option 2 Present value REA Reg 18 >