Please describe the process fully using wording

Jesse Lottery Jesse just won the state lottery. He has been given the option of receiving either $62.9 million today or $5 million a year for the next 35 years, with the first payment paid today. Describe the process that Jesse should use to determine which payment option he prefers. Ignore all taxes and assume that Jesse will live for at least 40 more years. You do not have to do any math, but you can if you'd like