Stephanie and Greg were the first and second place winners in a recent contest sponsored by a Lucky Duck. The first place winner is required to represent the company at numerous events for one year in exchange for receiving a prize of $1,000 a year forever. The second place winner is awarded a prize of $1,000 a year for 100 years and has no commitment or future obligations to the firm. The applicable interest rate is 8 percent. Assuming these two individuals have perpetual lives, which person is really the top winner in this contest and why?
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