Cassie just won the lottery, and she must choose between three award options. she can elect to receive a lump sum today of $61 million, to receive 10...

Cassie just won the lottery, and she must choose between three award options. she can elect to receive a lump sum today of $61 million, to receive 10 end of year payments of $9.5 million, or to receive 30 end of year payments of 5.5 million.(a) if she thinks she can earn 7% annually, which would she choose?(b) if she expects to earn 8% annually, which is the best choice?(c) if she expects to earn 9% annually, which option would you recommend?(d) explain how interest rates influence the optimal choice?

Cassie just won the lottery, and she must choose between three award options. She can elect to receive alump sum today of $61 million, to receive 10 end of year payments of $9.5 million, or to...