Problem 6-5 Julia Baker died, leaving to her husband Morgan aninsurance policy contract that provides that the beneficiary(Morgan) can choose any one of the following four options. Money isworth 2.50% per quarter, compounded quarterly. Compute Presentvalue if: Click here to view factor tables (a) $56,790 immediatecash. (Round factor values to 5 decimal places, e.g. 1.25124 andfinal answer to 0 decimal places, e.g. 458,581.) Present value $Link to Text Link to Text (b) $4,020 every 3 months payable at theend of each quarter for 5 years. (Round factor values to 5 decimalplaces, e.g. 1.25124 and final answer to 0 decimal places, e.g.458,581.) Present value $ Link to Text Link to Text (c) $19,080immediate cash and $1,908 every 3 months for 10 years, payable atthe beginning of each 3-month period. (Round factor values to 5decimal places, e.g. 1.25124 and final answer to 0 decimal places,e.g. 458,581.) Present value $ Link to Text Link to Text (d) $4,020every 3 months for 3 years and $1,630 each quarter for thefollowing 25 quarters, all payments payable at the end of eachquarter. (Round factor values to 5 decimal places, e.g. 1.25124 andfinal answer to 0 decimal places, e.g. 458,581.) Present value $Link to Text Link to Text Which option would you recommend thatMorgan exercise? Click if you would like to Show Work for thisquestion: Open Show Work