125 point Lights Camera, and More sells filmmaking equipment. The company offers three purchase options: (Upay 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 $55,000 and therefore has the following payment options: Payment Payment in Total Today One Year Payment Option $55,00 $ 555,00 Option 2 27,500 30,250 57.750 Option 63,250 63,250 Required: 1-a. Assuming an annual discount rate of 11%, calculate the present value and the total cost. (EV of $1. PV of S1, EVA of 51, and PVA of S1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places) Answer is complete but not entirely correct. Payment Present Value 1 Total Present Today Payment in One Value (or Total Year Costi 5 55.000 0 58.000.00 Opson 1 Option 2 FOption 27.500 30.250.00 54.752 25 37.500.00 0 63.250.00