E11-6 (Algo) Comparing Options Using Present Value Concepts (LO 11-S1) After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big winner, having won $25 million. You have three options (a) Receive 51.25 million per year for the next 20 years (b) lave $9.25 million today. Have $3.25 million today and receive $950,000 for each of the next 20 (c) years. Your financial adviser tells you that it is reasonable to expect to earn 14 percent on investments, Required: 1. Calculate the present value of each option (Future Value of $1. Present Value of $1. Future Value Annuity of Si. Present Value Annuity of $13 (Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar. Enter your answers in dollars, not in millions.) Present Value Option A Option B Option C