Explain how to compare the payouts (lump-sum and annuity) and evaluate which is a better financial choice. Specifically, what discount rate equates the gross annual annuity payments to the present value of the lump sum cash option? What happens to the attractiveness of each option as the relevant discount rate changes? What do you see as a reasonable hurdle rate, i.e., an investment hurdle rate whereby if you take the lump sum you can reliably expect to earn this return on your investment, then ending up with more money than the annuity option