please solve to exact directions

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 $28 million. You have three options: 0. Receive $14 million per year for the next 20 years. b. Have $10 million today. c. Have $4 million today and receive $1,100,000 for each of the next 20 years. Your financial adviser tells you that it is reasonable to expect to earn 14 percent on investments. Required: 1. Calculate the present value of each option. (Eutute Value of \$ Present Value of $1. Euture Value Annuity of 51 , Erasent Value Annuity ofsil) 2. Determine which option you prefer Complete this question by entering your answers in the tabs below. Calculate the present value of each option. (Future Value of \$1, Present Value of \$1, Future Value Annuity of \$1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided, Round your final answer to the nearest whole dollar. Enter your answers in dollars, not in millions. Calculate the present value of each option. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar. Enter your answers in dollars, not in milions. Your financial adviser tells you that it is reasonable to expect to eain 14 percent on investments. Required: 1. Calculate the present value of each option. Euture Value of \$1. Present Value of \$1, Euture Value Annuity of S1, Present Value Annuityols1. 2. Determine which option you prefer. Complete this question by entering your answers in the tabs below. Determine which option you prefer. TABLE 11.1A Future Value of $1 TABLE 11.2A Present Value of $1 TABLE 11.3A Future Value of an Annuity of SI TABLE 11.4A Present Value of Annuity of $1