Question 8 Time: 13 minutes Total: 8 marks Mark has just won the grand prize on the Wheel 'n' Deal quiz show. He has a choice between (a) receiving $400,000 immediately and (b) receiving $62,000 per year for eight years plus a lump sum of $150,000 at the end of the eight-year period. If Mark can get a return of 10% on his investments, which option would you recommend that he accept? (Use present value analysis and show all computations.)