Alicia is considering two offers-to-purchase that she has received on a residential building lot she wishes to sell. One is a cash offer of $146,500. The other offer consists of three payments of $49,000—one now, one in six months, and one in twelve months. Which offer has the larger economic value if Alicia can earn 1.4% compounded quarterly on low-risk investments? How much more (in current dollars) is the better offer worth?