Ali Moni won the "Kiss or No case" contest. He is given the following choices: a. to receive an instant cash of P300,000 b. to receive cash of P400,000 two years from now c. to receive a monthly pension of P15,000 for two years d. to receive a quarterly pension of P50,000 for two years e. to received a yearly pension as follows: 1st year and 2nd year............ P50,000 each 3rd year........................................ 200,000 4th and 5th year......................... 100,000 each

Assuming the discount rate is 12% p.a. Which choices you recommend to Ali? Rank your recommendations.