E9-18 (Algo) Using Present Value Concepts for Decision Making LO 9.7 You have just won the state lottery and have two choices for collecting your winnings. You can collect $106.000 today or receive $21,000 at the end of each year for the next seven years. A financial analyst has told you that you can earn 9% on your Investments. Required: 1. Calculate the present value of both the options (FV of $. PV of SL FVA of $1, and PVA of $1] (Use the appropriate factoris) from the tables provided. Round your answers to nearest whole dollar) Answer is complete but not entirely correct. Present Value Option 1 105,000 Option 2 270,000 3 S 2. Which alternative should you sefecto Option 10 Option 2