Return to question After completing a long and successful career as senior vice president for a large bank, you are preparing for retirement After visiting the human resources office, you have found that you have several retirement options to choose from: a. An immediate cash payment of $113 million b. Payment of $69,000 per year for life c. Payment of $59,000 per year for 5 years and then $79.000 per year for life this option is intended to give you some protection against Inflation) You believe you can earn 8 percent on your investments and your remaining life expectancy is 10 years. Required: 1. Calculate the present value of each option. (Euture Value of $1. Present Value of $1. Euture Value Annuity of $1. Present Value Annuity of $13 (Use appropriate factor(s) from the tables provided. Do not round intermediate calculations. Enter your answers in whole dollars, not in millions. Round the final answer to nearest whole dollar.) Answer is complete but not entirely correct. IS Option Option B Optionc Present Value 1,130,000 1,079,574 1,109,3123 IS $ A 2. Determine which option you prefer Option A Option B Optionc