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Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: (1) pay full cash today, (2) pay one- half down and the remaining one-half plus 10% in one year, or (3) pay nothing down and the full amount plus 15% in one year. George is considering buying equipment from Lights, Camera, and More for $80,000 and therefore has the following payment options: Payment Today $80,000 40,000 Option 1 Option 2 Option 3 Payment in One Year $ 0 44,000 92,000 Total Payment $ 80,000 84,000 92,000 Required: 1-a. Assuming an annual discount rate of 10%, calculate the present value and the total cost. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Payment Today Present Value of Payment in One Year Total Present Value (or Total Cost) Option 1 Option 2 Option 3 GMG Studios plans to invest $48,000 at the end of each year for the next four years. There are three investment options available. Option 1 Option 2 Option 3 Annual Rate 6% 8 12 Interest Compounded Annually Annually Annually Period Invested 4 years 4 years 4 years Required: Determine the accumulated investment amount by the end of the fourth year for each of the options. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Accumulated investment amount Option 1 Option 2 Option 3