You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. You can have $71,000 per year for the next two years, or you can have $60,000 per year for the next two years, along with a $16,000 signing bonus today. The bonus is paid immediately, and the salary is paid in equal amounts at the end of each month.

If the interest rate is 8 percent compounded monthly, what isthe value today of each option?(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

option 1=_____

option2=_____