An individual has the option to receive a $$1,000$ annual bonus and invest the aftertax amount for $25$ years or receive $$1,000$ per annum in a registered pension plan for the next $25$ years. Assuming a constant rate of return of $8\%$ and a tax rate of $40\%,$ what will be the total after$-$tax difference between the two plans? $($Calculate for either as ordinary annuity$)($Round intermediate calculations to nearest whole dollar.$)$

The RPP will yield $$16,005$ more than the annual bonus.

The annual bonus will yield $$16,005$ more than the RPP$.$

The RPP will yield $$29,242$ more than the annual bonus.

The annual bonus will yield $$29,242$ more than the RPP$.$