An investor has asked for your help with the following time value of money applications. Table 6-4. (Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals.) Required: a. What is the present value of $70,000 to be received in eight years using a discount rate of 8%? (Round your answer to 1 decimal place.) Present value b. How much should be invested today at a return on investment of 8% compounded annually to have $70,000 in eight years? (Round your answer to 1 decimal place.) Amount to be invested c. If the return on investment was greater than 8% compounded annually, would the amount to be invested today to have $70,000 in eight years be more or less than the answer to part b? O More O Less