Ray and Rachel are considering the purchase of two deluxe kitchen ovens. The first store offers the two ovens for $2,800 with payment due today. The second store offers the two ovens for $3,000 due in one year. Required: 1-a. Assuming an annual discount rate of 10%, calculate the present value. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Present Value Store 1 $ 2,800.00 Store 2 X 2 decimal places required. 1-b. From which store should Ray and Rachel buy their ovens? Store 1 Store 2