You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. You can have $129,000 per year for the next two years, or you can have $50,000 per year for the next two years, along with a $25,000 signing bonus today. The bonus is paid immediately, and the salary is paid at the end of each year. (a) If the interest rate is 9 percent compounded monthly, what is the present value of the first arrangement? v (Click to select) 5 216,728.61 (b 226,925.34 ate is 9 percent compounded monthly, what is the present value of the 225,758.97 ement? 228,016.56 234,789.33 (b) If the interest rate is 9 percent compounded monthly, what is the present value of the second arrangement? (Click to select) 112,503.48 117,003.62 112,955.56 108,003.34 113,628.51