Question: Marcus has won a $5,000,000 state lottery He can take his prize as either 25 yearly payments of $200,000 or a lump sum of 52

Marcus has won a $5,000,000 state lottery He can take his prize as either 25 yearly payments of $200,000 or a lump sum of 52 330 000. Which is the better option? Ansume an interest rate of 7% in the case of annual payments, assume that the 1st one will be one year from now.) Select the correct choice below and, if necessary, fill in the answer box to complete your choice (Round to the nearest dolle as needed.) A. The present value of the lottery winninge is this is better than the lump sum of $2,330,000 OB. The present value of the lottery wirningsins this is worse than the lump sum of $2,330 000 OC. The present value of the lottery Winnings is the same as the lump sum of $2.330.000 an jest an

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