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 $135,000 and therefore has the following payment options Payment Payment in Total Today One Year Payment Option $135,000 $0 $135,000 Option 2 67,500 194,250 141,750 Option 3 155, 250 155, 250 0 Required: 1-o. Assuming an annual discount rate of 11%, calculate the present value and the total cost. (FV of $1. PV of $1. EVA 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 Present Value of Total Present Value Today Payment in One Year (or Total Cost) S 135.000 $ of s 135,000.00 67500 67,493.00 134,993 00 0 141.122 00 141,12200 1-b. Which option's cost has the lowest present value