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Problem 6 - 3 6 Comparing Cash Flow Streams [ LO 1 ] You've just joined the investment banking firm of Dewey, Cheatum, and Howe.

Problem 6-36 Comparing Cash Flow Streams [LO1]
You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. You can have $80,000 per year for the next two years, or you can have $69,000 per year for the next two years, along with a $25,000 signing bonus today. The bonus is paid immediately and the salary is paid in equal amounts at the end of each month. If the interest rate is 8 percent compounded monthly, what is the value today of each option? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)
\table[[Option 1,],[Option 2,]]
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