You have the choice of receiving $20,000/year for the next 10 years or a one-time payment (lump sum) of $160,000. Your opportunity cost for your money is 8%. Which of these options provides you with the greatest value today? Assume beginning of period payments.

A. Take the $20,000/year.
B. You should take the $160,000 today.
C. These 2 options provide the same value to you today.
D. Not enough information to calculate an answer.