Ray and Rachel are considering the purchase of two deluxe kitchen ovens. The first store offers the two ovens for $2,200 with payment due today. The second store offers the two ovens for $2,400 due in one year Required: 1 a. Assuming an annual discount rate of 9%, calculate the present value. A of decimal places.) 1, P of $1. E A of$1, and P A $1 Use appropriate factor(s) from the tables provided. Round your answers to 2 Present Value Store 1 Store 2 1-b. From which store should Ray and Rachel buy their ovens? Store 2 Store 1