1. Arthur Flack just won the lottery! He has 3 options to collect his prize
   1. Option 1: A one-time single payment of $250,000 today
   2. Option 2: An ordinary annuity of $30,000 for the next 10 years
   3. Option 3: A mixed stream of payments corresponding to the table below

End of year	Cash flows (option 3)
1	$120,000
2	$100,000
3	$60,000

Arthur can earn 8% interest on any of his investments. Which is the best alternative for Arthur? Explain.