The XYZ Company is offering the public a retirement scheme that pays $30,000 a year for a maximum period of 25 years, with the first payment beginning in 21 years' time. It has a discount rate of 8%. It is offering the following payment schemes:

Option 1: PV = $67,100.81

Option 2: PV = $143,579.91

Option 3: PV = $94,405.26

Calculate the present value of the investment plan and suggest which option should be chosen from a customer point of view?

- Please provide in depth explanation from various point of view