100 points Exercise 11A-3 Basic Present Value Concepts [LO11-5 In sic years, when he is discharged from the Air Force, Steve wants to buy an $28,000 power boat Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factorts) using ables. Required: What lump-sum amount must Steve invest now to have the $28,000 at the end of six years if he can invest money at (Use the appropriate table to determine the discount factorts).) nvestment Discount Factor Present Value 1. Nine peroent 2 Eleven percent References eBook & Resources Expanded table Exercise 11A 3 Basic Present Value Concepts [L0115