You are negotiating for the terms of a legal settlement, and your opponent$$s attorney has presented you with the following settlement alternatives:

$$40,000$ today in one lump sum

$$50,000$ to be paid to you in five equal installments of $$10,000$ at the end of each of the next five years

Five equal installments of $$9,100$ each beginning today.

If your discount rate is $8\%$ what is the present value of each alternative and which do you choose?