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please help, option 3 does not have the lowest present value. Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: (1)
please help, option 3 does not have the lowest present value. Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: (1) pay full cash today, (2) pay onehalf down and the remalning 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: Required: 1-6. Assuming an annual discount rate of 11\%, calculate the present value and the total cost. 1-b. Which option's cost has the lowest present value? Which option's cost has the lowest present value? Option 2
please help, option 3 does not have the lowest present value.
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