Please Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.

You have the choice of receiving $60,000 now, or $28,000 now and another $42,000 five years from now. In terms of today's dollar, which choice is better and by how much? Money is worth 6.4% compounded annually. Which choice is better? A. The choice of $60,000 now is better. B. They are equal in value. C. The choice of $28,000 now and $42,000 in five years is better. The better choice is greater than the alternative choice by $ in terms of today's dollar. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)