Suppose a child is offered two choices to earn an increasing weekly allowance: the first option he can choose (Option 1) begins at 1 cent and doubles each week, while the second option (Option 2) begins at $1 and increases by $1 each week. How much allowance would the child earn in 8 weeks, 14 weeks, and a year? (Assume that there are exactly 52 week in one year.)