A construction crane collapsed at a business site while working on a new building for metro city. A pedestrian was killed. The husband of the victim is suing Metro city. The city attorney, in consultation the city's liability insurer has offered three out of settlements to the husband of the victim. Here are the settlement options: option 1. Five payments of 300,000 with the payments starting one year, three years, five years, seven years and nine years from today. option 2: a payment of 500,000 today and 500,000 five years from today. Option 3: Four annual payments of 300,000 with the first payment one year from today. Assuming a 7% discount rate, which settlement