please show work for both

Starting on December 31st,2020 (end of the year), Bob will make 8 withdrawals of $12,000. What is the if needed. Tobin Construction is considering purchasing some new equipment for the company. Due to the expense involved, the equipment company is giving Tobin Construction the option of choosing among three different payment plans and the interest rate is 10%. 1. $500,000 due immediately in cash 2. $150,000 down payment now; $60,000 per year for 9 years beginning at the end of the current year. 3. $65,000 due immediately and at the beginning of each of the next 12 years. What is the Present Value of option 1