Cole's Consulting Consortium $($CCC$)$ has two clients requesting service, but they only have enough resources to fulfill one of the requests. Client $1$ is willing to pay $$57,000$ today for their services. Client $2$ is willing to pay $$62,000$ for the services, but only when the services are completed, exactly one year from today. CCC$\text{'}$s discount rate is $10\%.$ Which contract has the higher present value?

Client $1$

Client $2$

They are both equal

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