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 $150,000 and therefore has the following payment options: Option 1 Option 2 Option 3 Payment Today $150,000 75,000 0 Payment in One Year $ 0 82,500 172,500 Total Payment $ 150,000 157,500 172,500 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 3 150,000 75,000 0