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When Peter decided to sell his farm, he received two offers. If he accepts the first offer (Offer 1), he would receive $180,000 now, $730,000

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When Peter decided to sell his farm, he received two offers. If he accepts the first offer (Offer 1), he would receive $180,000 now, $730,000 one year from now, and $400,000 two years from now. If he accepts the second offer (Offer 2), he would receive $620,000 now, $500,000 one year from now, and $260,000 two years from now. If money is worth 14%, which offer should he accept? Peter should accept

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