Please use the data found in the data table to answer the question. I provided all the tables provided to help assist answering.

Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: (Click the icon to view the payout options.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Assuming you can earn 8% on your funds, which option would you prefer? The present value of the payout is: (Round your answers to the nearest whole dollar.) Present value of the payout, Option \#1: Present value of the payout, Option \#2: Present value of the payout, Option \#3: (Enter your answer as a numeral-e.g., 1.) The highest present value using the 8% discount rate and the option that, therefore, appears to be the most favorable, is payout option \# Congratulations! You have won a state lottery. The state lottery offers you the following (Click the icon to view the payout options.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Pre: Data table Option \#1: $13,000,000 after five years Option \#2: $2,100,000 per year for five years hole dollar.) Option \#3: $12,000,000 after three years The highest present value using the 8% discount rate and the option that, therefore, appe Present Value of $1 Euabuien Itnluin at ed Draeant Ualua nf herlinanu A wnultu at ed Euitura Valia nf Ardinnau A nnatibu at ed