John just won a lottery, There are two possible payout options for him: Option 1: a lump-5um payment of $600,000 today: Option 2: a payment (yet to be known) every year for the next thirty years (starting from next year until the end of the 30th year). Assume the bank's interest rate is 4%. Under which of the following annual payment would John be willing to take the 2 nd option rather than the 1 st option? $20,000 $30,000 $40.000 Hed be willing to do it with both $30,000 and $40,000 as the annual payment