You can buy a car that is advertised for $21,240 on the following terms: (a) pay $21,240 and receive a $4,240 rebate from the manufacturer; (b) pay $590 a month for 3 years for total payments of $21,240, implying zero percent financing. a. Calculate the present value of the payments for option (a) if the interest rate is 1.00% per month. Present value $ 17,000 b. Calculate the present value of the payments for option (b) if the interest rate is 1.00% per month. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ 17,763.43 c. Which is the better deal? O Option b O Option a