Mark has just won the grand prize on the Wheel n Deal quiz show. He has a choice between (a) receiving $400,000 immediately and (b) receiving $60,000 per year for eight years plus a lump sum of $150,000 at the end of the eight-year period. If Mark can get a return of 10% on his investments, which option would you recommend that he accept? (Use present value analysis, and show all computations).