Denzel needs a new car, At the dealership, he finds the car that he likes. The dealership gwes him two payment options: 1. Pay $26,000 for the car today. 2. Pay $2,200 at the end of each quarter for three years. Required: 1-a. Assuming Denzel uses a discount rote of 12% (or 3% quarterly), calculate the present volue. 1-b. Which option gives him the lower cost? Complete this question by entering your answers in the tabs below. Assuming Dentel uses a discount rate of 1246 (or 3% quorteriy), calculate the present value, (FV of 51, PV of \$1, FVA of \$1, and PVA of $1 ) (Uie tables, Excel, or a financial calculator, Round your answers to 2 decimal placesi? Denzei needs a new car. At the dealership, he finds the car that he likes. The deatership gives him fwo payment options: 1. Poy $26,000 for the car today 2. Pay $2,200 at the end of eoch quarter for three years Required: 1-a. Assuming Denzel uses a discount rate of 12% (or 3% quarterly), coiculate the prefent value 1.b. Which option gives him the lower cost? Complete this question by entering your answers in the tabs below. Which option gives him the lewer cost