Please explain steps clearly.

4. You are playing a state lottery game (like powerball). You win the jackpot which is $120 million. You have two options for collecting your winnings (1) You can have 30 equal payments of $4 million, with the first one immediately or (2) You can have a lump sum cash payout immediately of $40 million Ignoring tax implications, which one would you choose and why? Be sure to provide complete sentences in your answer and show any work you did in determining your answer. (20 points)