Assume as a division manager in a large corporation that you have been promised the choice of two incentive plans. The first plan will pay you an annual bonus of 30% of your salary if you achieve your budget targets. The second plan will pay you a bonus of 30% of the salary you earn over a 5-year period, at the end of that period, if you achieve the cumulative targets in your 5-year strategic plan. (Assume the annual and 5-year targets are equally difficult to achieve.) Which plan would you prefer, and why? How large would the 5-year plan's promised bonus have to be to equal the motivational impact of the annual bonus plan?