please show step by step solution

100 points After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscription company. It has arrived with the good news that you are the big winner having won $27 million. You have three options Receive $1.35 million per year for the next 20 years (b) Have S9.75 million today Have $3.75 million today and receive $1,050,000 for each of the next 20 years. Your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments Required: 1. Calculate the present aue of each option. Future Value of $1. Present Value of S1, Future Value Annuity of S1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided Enter your answers in dollars, not in millions.) Present Value Option B 2. Determine which option you prefer O Option B OOption A OOption C