Exercise C-4 Calculate the present value of a single amount (LOC-2) Ray and Rachel are considering the purchase of two deluxe kitchen ovens. The first store offers the two ovens for $3,100 with payment due today. The second store offers the two ovens for $3,300 due in one year. Required: 1-6. Assuming an annual discount rate of 10%, calculate the present value. (EV of$1. PV of $1. EVA of S1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Store 1 Store 2 Present Value 1-b. From which store should Ray and Rachel buy their ovens? O Store 1 O Store 2