. Elena Fore wants to open a new factory in New Jersey. The company can either purchase or lease the factory. There are three options available for Elena Fiore Click the icon to view the options) Requirement Interest is compounded amusly Which option should Elena Fiore choose given a 6% interest rate? Click the icon to view the Future Value of $1 table) (Click the icon to view the Future Value of an Ordinary Annuity table) Click the icon to view the Future Value of in Annuity Dustable) (Click the icon to view the Present Value of $1 table) Click the icon to view the Present we of an ordinary Annuity table) (Click the icon to view the Present Value of an Annuty Due First, calculate the present value of each option. (nore my depreciation expense for purposes of this problem. Use the present value and store value tables, the formula method, a francil calculator, or a spreadsheet for your calculations using present and future values or the formal method, use factor amounts rounded to five decimal places, X.XXOOX. Round any intermediary currency calculations and your fra answer to the nearest con, $XXX) Presenta Option 1 More into Option 2 Option 1. Purchase a factory with a le of 20 years today for $400,000 in cash. This factory Elena Fethod elect because this option results in the presenta 2. Losse a factory was payments of 570,000 for 20 years. Payments are made We begin of ach year 3. Purchase a factory with a life of 20 years today for $470.000. In addition, the company can renk some additional space for anual rent of $14,000. Assume Elena Fiore would receive the payments the end of each year Done Enter any number in the edit folds and then continue to the next