Steve Coleman Has Just Won the State Lottery and Has

Steve Coleman 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.$304,000 (lump sum) now
3.$504,000 (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) $670,000
B) $100,800
C) $403,200
D) $304,000