### Capital budgeting: Multimedia Technology, Jackson City Parks

P11d Using the time value of money to compute the present and future values of single lump sums and annuities. Congratulations! You have won a state lottery. The state lottery offers you the following (after-tax) payout options: Option #1: $13,000,000 after five years Option #2: $2,300,000 per year for the next five years