E Homework: Chapter 26 Homework Question 2, E26-23 (similar to) Part 4 of 4 Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: (Click the icon to view the payout options.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 12% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar.) Present value of the payout, Option #1: 8,505.000 Present value of the payout, Option #2: $ 8,111,250 Present value of the payout, Option #3: $ 7,832,000 (Enter your answer as a numerale.g., 1.) The highest present value using the 12% discount rate and the option that, therefore, appears to be the most favorable, is payout option # E Homework: Chapter 26 Homework Question 2, E26-23 (similar to) Part 4 of 4 Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: (Click the icon to view the payout options.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 12% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar.) Present value of the payout, Option #1: 8,505.000 Present value of the payout, Option #2: $ 8,111,250 Present value of the payout, Option #3: $ 7,832,000 (Enter your answer as a numerale.g., 1.) The highest present value using the 12% discount rate and the option that, therefore, appears to be the most favorable, is payout option #