The rate of earnings is 12% and the cash to be received in two years is $27,912. Determine the present value amount, using the following partial table of present value of $1 at compound interest: (round to two decimal points). Year 10% 0.909 1 2 6% 0.943 0.890 0.840 0.792 0.826 0.751 12% 0.893 0.797 0.712 0.636 3 4 0.683 Oa. $24,925.42 Ob. $19,873.34 Oc. $23,055.31 Od. $22,245.86