Sally Hamilton has performed well as the chief financial officer of Maxtech Computer Company and has earned a bonus. She has a choice among the following three bonus plans: option 1. A $50,000 cash bonus is paid now. option 2. A $10,000 annual cash bonus to be paid each year for the next five years at the end of each year, plus the first $10,000 paid now (six times the payment of a $10,000 annual bonus in total. It is basically an annuity due case with n = 6). option 3. A three-year $22,000 annual cash bonus with the first payment due three years from now. For example, today is 01/01/2021 (Year 1 beginning), and the first payment is 01/01/2024 (Year 4 beginning, or 12/31/2023), which is 3 years after year 1. a. Assume Sally can earn annually a 0% return on her investments. What are the present values of the first, second, and third alternatives, respectively? Which alternative is the best for her? b. Assume Sally can earn annually a 20% return on her investments. What are the present values of the first, second, and third alternatives, respectively? Which alternative is the best for her?