Quaker State Inc offers a new employee two options. First, the employee can receive a one-time signing bonus at the date of employment Second, the employee can take $7.000 at the date of employment plus $24,000 at the end of each of his first five years of service. Assuming the employee's time value of money is 8% annually, what single payment in the first option would be equal to the total of the payments in the second option? Vor $1. PV of $1. EVA of S1 and PVA of $11. (Use appropriate factor(s) from the tables provided.) Multiple Choice None of the choices are correct 51234 5902525 5106125