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 $90,000 and therefore has the following payment options: Payment in One Year Option 1 Option 2 Option 3 Payment Today $90,000 45,000 0 Total Payment $ 90,000 94,500 103,500 49,500 103,500 Required: 1-a. Assuming an annual discount rate of 12%, 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.) Option 1 Option 2 Option 3 Payment Today $ 90,000 45,000 0 Present Value of Total Present Value Payment in One Year (or Total Cost) $ 0 $ 90,000.00