Please explain and show all work. Thank you!

Exercise 12A-2 (Algo) Basic Present Value Concepts [L012-7J Julie has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive lump sum of $126,000 immediately as her full retirement benefit. Under the second option, she would receive $13,000 each year for 10 years plus a lump-sum payment of $52,000 at the end of the 10-year period. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. ReqLired: I-a. Calculate the present value for the following assuming that the money can be invested at 7%. I-b. If she can invest money at 7%, which option would you recommend that she accept? Complete this question by entering your answers in the tabs below. i Req IA Req 1B Calculate the present value for the following assuming that the money can be invested at 7%. (Round your final answer to the nearest whole dollar amount.) Option 1 Present value Option 2 < ReqfA Req1B >