. Arcon and Byrnco have both submitted bids for an equipment service contract. Their offers are: Arcon: $9,500 to be paid immediately $5,000 to be paid one year from now $5,000 to be paid two years from now Byrnco: $10,500 to be paid one year from now $10,500 to be paid two years from now Part A: If money is worth 6% compounded semi-annually, what is the value of Arcon company's bid in today's dollars? Part B: If money is worth 6 % compounded semi-annually, what is the value of Byrnco company's bid in today's dollars? Part C: Which company has the lowest bid (Arcon or Byrnco)