Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: (1) pay full cas half down and the remaining one-half plus 10% in one year, or (3) pay nothing down and the full amount plus 15% considering buying equipment from Lights, Camera, and More for $150,000 and therefore has the following paym Payment Payment in One Year Total Today Option 1 $ 150,000 Option 2 75,000 $ 0 82,500 172,500 Payment $ 150,000 157,500 172,500 Option 3 Required: 1-a. Assuming an annual discount rate of 11 %, calculate the present value and the total cost. 1-b. Which option's cost has the lowest present value? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Assuming an annual discount rate of 11%, calculate the present value and the total cost. Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA o and PVA of $1)