Peter Smith Has Just Won the State Lottery and Has

Peter Smith has just won the state lottery and has the following three payout options for after-tax prize money:
1.$50,000 per year at the end of each of the next six years
2.$300,000 (lump sum) now
3.$510,000 (lump sum) six years from now
The annual discount rate is 9%.Compute the present value of the third option.(Round to nearest whole dollar. )
Present value of $1:

A) $250,000
B) $76,667
C) $79,467
D) $303,960