Hillsdale is considering two options for comparable computer software. Option A will cost $$34,000$ plus annual license renewals of $$1,000$ for three years, which includes technical support. Option B will cost $$19,000$ with technical support being an add$-$on charge. The estimated cost of technical support is $$4,800$ the first year, $$3,800$ the second year, and $$2,800$ the third year. Assume the software is purchased and paid for at the beginning of year one, but that technical support is paid for at the end of each year. The discount rate is $7\%.$ Ignore income taxes. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1).($Use appropriate factor$($s$)$ from the tables provided.$)$

a$.$ Calculate the present value of net cash flows.

b$.$ Determine which option should be chosen based on present value considerations.

Complete this question by entering your answers in the tabs below.

Calculate the present value of net cash flows. $($Round your intermediate calculations and final answers to the nearest whole dollar.$)$

$\backslash$table$[[,$Present value$],[$Option A$,],[$Option B$,]]$