Cisco, Inc. has lost a lawsuit, and is directed to pay $500,000 immediately. The plaintiff has offered an alternate arrangement where, instead of the $500,000 immediate payment, Cisco makes two annual payments of $80,000 followed by five annual payments of $100,000. The payments start one year from today, and an 8% discount rate is appropriate. Should Cisco take the payment offer? You must support your conclusion with calculations to receive credit.