Your answer is partially correct. As the CFO of a small manufacturing firm, you have been asked to determine the best financing for the purchase of a new piece of equipment. If the vendor is offering repayment options of $10,000 at the end of each year for five years, or no payment for two years followed by one payment of $45,000 at the end of two years, which option would you recommend? The current market rate of interest is 8%. Calculate using (a) financial calculator or (b) Excel function PV. (Round answers to 2 decimal places, eg. 5,275.25.)