Julie won a lottery. She will have a choice of receiving an annuity of $23,000 at the end of each year for the next 30 years, or a lump sum of $200,400 today. If she can earn a return of 11 percent on her alternative investments, what should she do? (Round to the nearest hundred dollars.)
Group of answer choices:
A. Take the lump sum because its value is more than the annuity's value.
B. Take the annuity because its value is more than $200,400.
C. Take the lump sum because its value is less than the annuity's value.
D. Take the annuity because its value is less than $200,400.