As CFO of a small manufacturing firm, you have been asked to determine the best financing for the purchase of a new piece of equipment. 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 $42,500. The current market rate of interest is 9%. Calculate present value of both options. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answers to 2 decimal places, e.g. 5,275.25.)Click here to view the factor table PRESENT VALUE OF 1.Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1.Present Value Option 1$enter a dollar amount rounded to 2 decimal places Option 2$enter a dollar amount rounded to 2 decimal places Which option would you recommend?select an option Option 1 Option 2