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III. What is the best selection for Amber from the following options? She has just...

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Accounting

III. What is the best selection for Amber from the following options? She has just won a lottery. She expects to earn 7.5% annually. (6 marks) Option 1 : She can elect to receive a lump sum today $63million Option 2 : She can elect to receive 10 end-of year payments of $9.8 million Option 3 : She can elect to receive 30 end-of-year payments of $5.8 million. Option 4 : She can elect to receive 30 start-of-year payments of $6.8 million.

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