You are close to retirement and must choose between three retirement plan options. The first option provides $$55,000$ per year for the remaining of your life. The second option provides $85\%$ of this amount and increases by $5\%$ each year. The last option gives you a $$400,000$ lump sum settlement. If your remaining life expectancy is $12$ years, ignoring taxes, which option would you choose if your required rate of return is $8\%?$