Bill Jones Has Just Won the State Lottery and Has

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:

Present value of $1:

A) $750,000
B) $672,900
C) $454,000
D) $450,050