4 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 $65,000 and therefore has the following payment options: 5 points Option 1 Option 2 Option 3 Payment Today $65,000 32,500 e Payment in One Year $ e 35,750 74,750 Total Payment $ 65,000 68, 250 74,750 Book Required: 1-a. Assuming an annual discount rate of 10%, calculate the present value and the total cost. (FV of $1. PV of $1. EVA of $1, and PVA of 5.1) (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) 5 Option 1 Option 2 Option 3 65,000 32.500 O 1-b. Which option's cost has the lowest present value? (Prey 4 of 6 Next >