Bered You've just joined the investment banking firm of Dewey. Cheatum, and Howe. They've offered you two different salary arrangements. You can have $7,000 per month for the next two years, or you can have $5,700 per month for the next two years, along with a $31,000 signing bonus today. Assume the interest rate is 6 percent compounded monthly. a. If you take the first option. $7,000 per month for two years, what is the present value? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 3216.) b. What is the present value of the second option? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Value of first option b. Value of second option ho