Ursula's dad offers to give her one of the following two options: a cash gift of $30,000, or an interest free loan of $100,000. The loan is repaid in five equal annual payments over the subsequent five years. Assume Ursula's opportunity cost of funds is 3.5%. In present value terms, which option is better for Ursula, and how much better is it? The cash gift, by $20,301.05 The loan, by $45,150.52 The cash gift, by $54,670.46 The loan, by $37,249.32