Question: please help Q.1 Gloria Ammon has just won the state lottery and has the following three payout options for after - tax prize money 1.
please help Q.1
Gloria Ammon has just won the state lottery and has the following three payout options for after - tax prize money 1. $52,000 per year at the end of each of the next six years 2$320,000 (lump sum) now 3. $506,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the third option. (Round to nearest whole dollar.) A. $268,000 B. $301,576 C. $79,733 D. $82,645
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