Company X offers P 250,000 at the end of 3 years plus 300,000 at the end of 5 years. Company Y offers P 25,000 at the end of each quarter for the next 5 years. Company Z offers P 200,000 at the end of 2 years and after 2 years, P 20,000 at the end of each quarter until the 5th year. If money is worth 8% compounded quarterly, which offer has the best market value?