Michael found two feasible options for an apartment to rent for the next 2 years. Option A requires monthly rent of $750 to be paid at the beginning of each month. Option B allows for end-of-month rent payments of $750 (same amenities as in option A). Michael uses a fairly high annual discount rate of 24% (sadly, he is also a high credit risk). Find the PV of the future rent payments for both options over the 2-year time period and explain which one Michael will prefer, if he bases his decision strictly on cash flow. (Round present value foctor calculations to 5 decimal places, es. 1.25124 and final answers to 2 decimal places e. 5.5,125.36 ) Glick here to view the factor table Michael would choose , because he would effectively be paying in rent over this two-year period