1. Your land royalty agent offers you $43,400 now or a payment series deal expected to pay $2,000 at the end of year 1; $2,500 in year 2; $3,400 in year 3; $5,000 in year 4; $6,000 in year 5; $6,500 in year 6; $8,000 in year 7; and $10,000 in year 8. Using an interest/discount rate of 5%, calculate and determine which option is best. (12 points)