You have won the church spring raffle. You are presented with three price choices, and you must pick the best one. The discount rate if 8%. Choice 1 = $4, 800 payment one year from now; Choice 2 = 5 payments of $ 1, 200 starting at the end of this year; Choice 3 = $1,000 payment today and $4, 500 at the end of year 4