TABLE 11.2A Present Value of $1 TABLE 11.3A Future Value of an Annuity of $1 TABLE 11.4A Present Value of Annuity of \$1 E11-6 (Algo) Comparing Options Using Present Value Concepts [LO 11-S1] 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: a. Recelve $1.4 million per year for the next 20 years. b. Have $10 million today. c. Have $4 million today and recelve $1,00,000 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. Fiture Value of $1, Present Value of $1, Future Value Annulty of $1, Present Value Annulty of $1. 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