Cu rrent Attempt in Progress You are the controller for Blossom's Pizzeria Inc. (BPI). Blossom is contemplating the purchase of a new commercial pizza oven in his popular Southern Ontario pizzeria and is asking for your assistance in making his decision. From the options presented by his creditor, he has narrowed down his options as follows: Option 1: Purchase the pizza oven with payments of $10,700 made semiannually for 3 years. The interest rate on this arrangement is 6%. Option 2: Purchase the pizza oven with annual payments for 3 years of $22,400 at 7% interest. For each of the two option, using tables, a nancial calculator or Excel function determine from a quantitative perspective, which ofthe two options should be pursued by Blossom? {For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round nal answers to 2 decimal places, e.g. 5,2 75.25.) Click here to view Table A4 - PRESENT VALUE OF AN ORDINARYANNUITY OF 1 Option 1 Option 2 Present value $ $ Blossom should pursue v . eTextbook and Media Save for Later Attempts: 0 of 3 used