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% 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 $50,000 and therefore has the following payment options: Assuming an annual discount rate of 10%. Calculate the present value and the total cost (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Which option has the lowest total cost in present value terms? Option 1 Option 2 Option 3