Gemma Laureta wants to open a new factory in New Jersey. The company can either purchase or lease the factory. There are three options available for Gemma Laureta: (Click the icon to view the options.) (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 an Annuity Due table.) Requirement (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Annuity Due table.) Interest is compounded annually. Which option should Gemma Laureta choose given a 15% interest rate? First, calculate the present value of each option. (Ignore any depreciation expense for purposes of this problem. Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round any intermediary currency calculations and your final answer to the nearest cent, $X.XX.) Present value Option 1