ctice #6 i Saved Help Save & Exit Check You have just learned that you are a beneficiary in the will of your late Aunt Susan. The executrix of her estate has given you three options as to how you may receive your inheritance. Required: 1-a.Calculate the present value for the following assuming that the money can be invested at 11% percent. (Round final answers to the nearest dollar amount.) Present Value a. You may receive $77,000 immediately. b. You may receive $100,000 at the end of seven years. You may receive $34,000 at the end of each year for seven years (a total Cof $238,000). $ 1-b.If you can invest money at a 11% return, which option would you prefer? Option a O Option b O Optionc