You have entered into an agreement for the purchase of land. The agreement specifies that you will take ownership of the land immediately. You have agreed to pay $50,000 today and another $57,000 in three years. Calculate the total cost of the land today. assuming a discount rate of (a) 5%, (b) 7%, or (c) 9%. (FV of \$1. PV of \$1, EVA of $1, and PVA of $1 ) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.)