Denzel needs a new car. At the dealership, he finds the car that he likes. The dealership gives him two payment options: 1. Pay $26,500 for the car today 2. Pay $2,300 at the end of each quarter for three years. Required: 1-a. Assuming Denzel uses a discount rate of 8% (or 2% quarterly), calculate the present value. (EV of $1. PV of $1. FVA of $1, ar of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Present Value Option 1 $ Option 2 26,500.00