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. 1-b. From which store should Ray and Rachel buy their ovens? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Assuming an annual discount rate of 10%, calculate the present value. Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Store 1 Store 2 Present Value Reg 1B >