You just won a lottery. There are two payout options for you: Option 1: a lump-sum payment of $500,000 today; Option 2: a payment of $20,000 per year for the next thirty years (starting from next year until the end of the 30th year). If the required return is 5%, then whats the NPV of choosing the first payout option for winning this lottery? Assume the required return is still 5%. How much should the annual payment be if the 2nd option would break-even with the 1st option?