3) You have the choice receiving anyone of the following three alternative series of payments: a) 20 annual payments (beginning today) of $100,000) b) 40 year annuity (beginning 1 year from today), growing at 4% per year, in which the first payment is $50,000 c) Perpetuity, beginning 4 years from today, in which the first payment is $40,000 and grows at 3% Assuming that there are no taxes on the cash flows and that all cash flows are discounted or compounded at 10\%, which alternative would you choose? (Your answer must include a "value" for each of the three alternatives to support your answer.)