Assume it is September 1st, 2019. Sylvester Sly Weezel, a salesman at Jims Jags, wants to sell you a brand new Jaguar XJ sedan for $79,999.99 Just as youre preparing to hand over the full amount in cash, Sly says that, because your business is so valuable to Jims Jags, the firms financing aficionado, Fiscally Fast Frankie, will accept your payment on an installment plan: $29.000 per year for 3 years. The 1st payment would be due today, on September 1st, 2019. The 2nd payment would be due in one year, on September 1st, 2020, and the 3rd payment would be due in 2 years, on September 1st, 2021. Assuming a discount rate of 5%, determine whether it is better for you to pay cash or to accept the terms of this installment plan. Explain your answer and show calculations. (Hint: this is a stream of 3 payments, but only 2 payments are in the future).