Question Completion Status: Bill Jones has just won the state lottery and has the following three payout options for after-tax prize money: 1. $150,000 per year at the end of each of the next six years 2. $304,000 (lump sum) now 3. $500,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the first option. (Round your answer to the nearest whole dollar. Present value of an ordinary annuity of $1: 8% 9% 10% 0.926 0.917 0.909 1.783 1.759 1.736 2.577 2.531 2.487 3.312 3.240 3.170 3.993 3.890 3.791 4.623 4.486 4.355 5.206 5.033 4.868 Present value of $1: 9% 10% 1 0.926 0.917 0.909 2 0.857 0.842 0.826 3 0.794 0.772 0.751 4 0.735 0.703 0.683 5 0.691 0.650 0.621 6 0.630 0:596 0.564 0.583 0.547 0.513 $450,050 $750,000 $672,900 $454,000