Davenport incorporated offers a new employee two options. First, the employee can recelve a one-time signing bonus at the date of employment. Second, the employee can take $33,000 at the date of employment and another $55,000 five years later. Assuming the employee's expected return is 11% annually, what single payment in the first option would be equal to the total of the pryments in the second option? (FV of \$1, PV of \$1. FVA of \$1, and PVA of \$1). (Use appropriate factor(s) from the tables provided.) Multiple Choice $31,000 $65,640 $88,000 $74584