A local car dealership has a used 2012 Nissan Altima for sale. The car has a list price of $12,995 but is discounted to $9,700 if you pay cash. You can also finance this car for $174 per month for 72 months at an annual interest rate of 1.9% compounded monthly. If you finance, what is the present value of the purchase? Draw the cash flow diagram for the finance option from your prospective.