Paul found two feasible options for an apartment to rent for the next 2 years. Option A requires monthly rent of $1,250 to be paid at the beginning of each month. Option B allows for end-ofmonth rent payments of $1,250 (same amenities as in option A). Paul 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 Paul will prefer, if he bases his decision strictly on cash flow. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and final answers to 2 decimal places eg. 5,125.36.) Click here to view the factor table Paul would choose because he would effectively be paying a rent over this two-year period