You have just won the Kryshak lottery, and you are given the following options to receive your winnings:

1. A lifetime annuity of $960,000 per year, with the first payment occurring one year from today. Your life expectancy is 40 years. (You will receive 40 payments)

2. A payment of $922,000 per year for 30 years (30 payments) with the first payment made immediately.

3. $15,885,000 five years from now.

If your opportunity cost is 8%, which should you pick?