Denzel needs a new car. At the dealership, he finds the car that he likes. The dealership gives him two payment options: Pay $29,500 for the car today. Pay $2,900 at the end of each quarter for three years. Required: 1-a. Assuming Denzel uses a discount rate of 8% (or 2% quarterly), calculate the present value. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.)