1. A company has three offers for its existing equipment in one of the divisions. The first buyer is willing to pay Rs 50,000 at the end of 8 years' period. The second buyer offers Rs 39,000-consisting of an immediate payment of Rs 14,000 and Rs 25,000 after 6 years. The third buyer agrees to buy the equipment for Rs 29,000 payable right away. Which is the best offer for the company if it can earn an interest@ 8% per annum on the money received?