You?ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They?ve offered you two different salary arrangements. You can have $74,000 per year for the next two years, or you can have $63,000 per year for the next two years, along with a $19,000 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 PV for both the options?