John has just won the lottery! He has two options to receive the lottery winnings. Option 1 is that he would receive $1,000,000 forever. Sadly however, this payment won't begin until 12 years from today. Option 2 is that he would receive $300,000 forever. This payment will also grow at 2% per year into perpetuity. However, this payment won't begin until 3 years from today. If he assumes a discount rate of 6% and he is indifferent as to when payments actually begin, which should he chose as of today and why? He should choose Option 2 because it is $120,172.31 better than Option 1. He should choose Option 1 because it is $6,666,666.67 better than Option 2. He should choose Option 1 because it is $2,620,498.47 better than Option 2. He should choose Option 1 because it is $120,172.31 better than Option 2