lights camera and more cells filmmaking equipment the company offers three purchase options

Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: (1) pay full cash today, (2) pay one-half 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 $85,000 and therefore has the following payment options: Option 1 Option 2 Option 3 Payment Today $85,000 42,500 0 Payment in One Year $ 0 46,750 97,750 Total Payment $ 85,000 89,250 97,750 Required: 1-a. Assuming an annual discount rate of 11%, calculate the present value and the total cost. (FV of $1, PV of $1. FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Payment Today Present Value of Payment in One Year Total Present Value (or Total Cost) Option 1 Option 2 Option 3