please solve this question completely, correctly and clearly. thanks!

Question 4 of 7 A manufacturing firm purchased a heavy duty drilling machine. They were given two payment options: Option 1: Make a payment of $49,500.00 immediately to settle the invoice for the machine. Option 2: Make a payment of $17,500.00 immediately and a payment of $18,500.00 in 9 months to settle the invoice. If money is worth 9.12% compounded quarterly, answer the following: a. What is the total present value of Option 2? Round the answers to the nearest cent (click to select) Option1 Option2 b. Which option is economically better for the manufacturing firm? (click to select) V