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Denzel needs a new car. At the dealership, he finds the car that he likes. The dealership gives him two payment options: Pay $30, 500

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Denzel needs a new car. At the dealership, he finds the car that he likes. The dealership gives him two payment options: Pay $30, 500 for the car today. Pay $3, 100 at the end of each quarter for three years. a. Assuming Denzel uses a discount rate of 8% (or 2% quarterly), calculate the present value. (FV of $1, PV of $1, EVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.)

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