need only answers for part C and part E in 25 minutes urgently... I'll give you up thumb definitely

2. Miss Jenny wins a lottery in superball 2021 for $4,000,000. Under the terms she can collect 78% of the entire winnings today or she can collect 1mil dollars every year for the next 4 years. if the current discount rate is 6% per annum which option she would select. 8 Marks Solution 2 Find the best option for Miss jenny using TVM(time value of money) a) Option 1: take cash $ b) Option 2: Find the present value. (over 4 years) c) Given Future value $_ 6 d) Discount rate assumed @6% e) Total Value of winnings @6% discounting for year 1, year 2, year 3, year 4 f) Present value calculation: (use table below) g) Winnings ($4,000,000) 2 1,000,000 3 1,000,000 1,000,000 1,000,000 Year Jenny receives Present value Option 2: Total Present value(PV) after 4 years Option 1 I will select option