Question: you win $ 1 2 0 , 0 0 0 and have three payout options: PV Option 1 : $ 9 0 , 0 0

you win $120,000 and have three payout options:
PV Option 1: $90,000 today
Option 2: $30,000 per year for 5 years
Option 3: $120,000 in 6 years
If your personal discount rate is 7%, which option has the highest present value?

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