P3-12. Ruth Nail receives two offers for her seaside home. The first offer is for $1 million today. The second offer is for an owner-financed sale with a payment schedule as follows: End of Year O (Today) 1 2 3 4 5 Payment $200,000 200,000 200,000 200,000 200,000 300,000 Assuming no differential tax treatment between the two options and that Ruth carns a return of 8 percent on her investments, which offer should she lake