Question: E26-23 Using the time value of money arning Objective 3 lottery offers you the follow- Congratulations! You have won a state lottery. The state ing

E26-23 Using the time value of money arning Objective 3 lottery offers you the follow- Congratulations! You have won a state lottery. The state ing (after-tax) payout options: Option #2 $9,055,800 Option #1: $12,000,000 after five years $2,150,000 per year for five years Option #2: $10,000,000 after three years Option #3: Assuming you can earn 6 % on your funds, which option would you prefer

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