Edward Hughes Has Just Won the State Lottery and Has

Edward Hughes has just won the state lottery and has the following three payout options for after-tax prize money:
1) $166,000 per year at the end of each of the next six years
2) $306,000 (lump sum) now
3) $518,000 (lump sum) six years from now
The annual discount rate is 9%.Compute the present value of the second option.(Round to nearest whole dollar. )
Present value of $1:

A) $684,000
B) $103,600
C) $414,400
D) $306,000