Please show thorough workings, I'm confused with which formulas to use. Thanks much!

actice Suppose you have just won the lottery and must choose one of the following guaranteed payoffs. Which one would you choose assuming the interest rate is 10% and you pay no taxes? (a) $500,000 paid today. 500,000 (b) $160,000 paid at the beginning of each year (first payment today) for a total of four years. (c) Annual payments of $57,000 forever, with the first payment 2 years from today. (d) Annual payments forever, growing at 6% per year; the first payment of $22,000 is made 1 year from today