Davenport incorporated ofters a new employee two options. First, the employee can recelve o one-time signing bonus at the date of employinent. Second, the employee can take $33,000 at the date of employment and another $48.000 five years later. Assuming the employee's expected teturn is 12% annually, what singlo payment in the first option would be equal to the total of the payments in the second option? (FV of S1. PV oIS1, EVA of S1. and PVA of (51). (Use appropriate factor(s) from the tables provided) Mustiple Choke $81,000 $32,500 $60.237 566725