Youve just joined the investment banking firm of Dewey, Cheatum, and Howe. Theyve offered you two different salary arrangements. You can have $7,700 per month for the next three years, or you can have $6,400 per month for the next three years, along with a $34,500 signing bonus today. Assume the interest rate is 8 percent compounded monthly.

Requirement 1: If you take the first option, $7,700 per month for three years, what is the present value? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value $ 245720.90 (correct)

Requirement 2: What is the present value of the second option? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value $

Please show financial calculator inputs also if possible.