A professional sports contract offers $125,000 paid now, $210,000 paid at the end of each of the second and third years, and $700,000 paid at the end of the

fourth, fifth, and sixth years (Alternative 1). Alternatively, the contract could offer $400,000 per year paid at the end of each of the six years (Alternative 2). If

money is worth 10.2%, which offer is preferable for the athlete?

The preferred offer is__.?