Use 6 decimal places in between process and 2 decimal places for the final answer.

1. As rental for a building, the owner received two offers: Proposal A - P50,000 a year for 8 years, the rental for each year being paid at the end of each year Proposal B - P30,000 the first year, P40,000 the second year, P50,000 the third year, and P60,000 for the next 5 years with all the rentals paid at the beginning of each year. USE present value at 10% per year to evaluate the proposal and select the best proposal