Radio button which includes a text field. Should I add a label?

I'm currently adding a new section to a form which consists of two radio buttons, however, I'm struggling to decide if I should include a label for the sake of clarity. Above both of the radio buttons is a brief explanation of the options, so is the label on the first radio button unnecessary? Any feedback would be greatly appreciated.

Design 1 (no label):

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Design 2 (label included):

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