1. (50 points) There are two options for a drilling company that wishes to purchase a drilling rig. The first option is to buy the rig by cash price of $16,000,000. The second option is to have the rig by installments (taksit) with a down payment (pein deme) of $5,000,000 and making equal payments of $3,000,000 at the end of the year over the five years. Opportunity rate of the company is 15% compounded annually. What option should the company prefer for