Jason Adams was awarded $6,500,000 in a legal settlement. The company obligated by the settlement has given Jason two options. He has the option of receiving an annuity payment of $21,666.67 per month for 25 years. Or he has the option of taking a lump sum settlement today. The interest rate used to calculate the lump sum is 4.5%. Calculate the present value of the lump sum option. Set the calculator at begin.

Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?