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Exercise C-9 (Algo) Calculate the present value of a single amount (LO C-3) Lights, Camera, and More sells filmmaking equipment. The company offers three purchase

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Exercise C-9 (Algo) Calculate the present value of a single amount (LO C-3) Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: (1) pay full cash today, (2) pay onehalf down and the remaining one-half,plus 10% in one year, or (3) pay nothing down and the full amount plus 15% in one year. George is considering buying equipment from Lights, Camera, and More for $100,000 and therefore has the following payment options: Required: 1-a. Assuming an annual discount rate of 12%, calculate the present value and the total cost. 1-b. Which option's cost has the lowest present value? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Assuming an annual discount rate of 12%, calculate the present value and the total cost. (FV of \$1, PV of \$1, FVA of \$1, Assuming an annual discount rate of 12%, calculate the present value and the total cos. (1)V or $1, and PVA of \$1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.)

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