Check my work Check my work Star Studios is looking to purchase a new building for its upcoming film productions. The company finds a suitable location that has a list price of $1,460,000. The seller gives Star Studios the following purchase options: (FV of $1. PV of $1. EVA of S1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) 1. Pay $1,460,000 immediately. 2. Pay $460.000 immediately and then pay $136.000 each year over the next 10 years, with the first payment due in one year 3. Make 10 annual installments of $180,000, with the first payment clue in one year. 4. Make a single payment of $2,160,000 at the end of five years, Required: 1-a. Determine the present value for each option assuming that the company can borrow funds to finance the purchase at 6%. Present Value 1,450,000.00 $ Option 1 Option 2 Option 3 Option 4 1-b. Which option is the lowest-cost alternative for Star Studios? O Option 2 O Option 1 Option 4 O Option 3