Exercise 14A-2 (Algo) Basic Present Value Concepts (L014-7) Julie has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, Julle would receive a lump sum of $135,000 immediately as her full retirement benefit. Under the second option, she would receive $18,000 each year for 12 years plus a lump-sum payment of $54,000 at the end of the 12-year period. Click here to view Exhibit 14B-1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using tables. Required: 1-a. Calculate the present value for the following assuming that the money can be invested at 11%. 1-b. If she can invest money at 11%, which option would you recommend that she accept? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Calculate the present value for the following assuming that the money can be invested at 11%. (Round your final answer to the nearest whole dollar amount.) Option 1 Option 2 Present value Heel Reg 18