Michael, an office administrator, is evaluating the following quotation that she received for the purchase of a printer for her office: Lease Option: Make payments of $85 at the beginning of every month for 6 years. At the end of 6 years, make the final payment of $1,500. Purchase Option: Make a payment of $5,700 immediately. a. What is the present value of the lease option if money is worth 6.9% compounded semi-annually? S0.00 Round to the nearest cent b. Which option would be economically better? c. What is the present value of the lease option if money is worth 9% compounded semi-annually? S0.00 Round to the nearest cent d. Which option would be economically better