Alex is going to work for a company for 1 year. The estimated cost of lunch for Alex is about $250 per month. The company has two options for his lunches:

Option 1) Company has a restaurant and Alex can use the restaurant by a provided card from company with no cost on Alex (Lunch is on company).

Option 2) Company will pay Alex $120 monthly and $1500 at the beginning of the year and then lunch will be on Alex.

If the interest rate is 8%, which option is more beneficial for Alex?