You are selling your cottage and have received two purchase offers. The first offer is for $290,000 today in cash. The second offer is the payment of $200,000 today and an additional $100,000 one year from today. Which offer should you accept and why assuming the applicable discount rate is 7.95 percent? You should accept the second offer because it has the higher present value. You should accept the second offer because you will receive an extra $10,000. You are indifferent between the two offers. You should accept the first offer because it has the higher present value. You should accept the $290,000 today because it has the lower future value