Business, 09.09.2019 20:30 jfghj

Harding company is in the process of purchasing several large pieces of equipment from danning machine corporation. several financing alternatives have been offered by danning: ((fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) 1. pay $1,080,000 in cash immediately. 2.pay $400,000 immediately and the remainder in 10 annual installments of $82,000, with the first installment due in one year. 3. make 10 annual installments of $140,000 with the first payment due immediately. 4. make one lump-sum payment of $1,610,000 five years from date of purchase. required: determine the best alternative for harding, assuming that harding can borrow funds at a 8% interest rate. (round your final answers to nearest whole dollar amount.)

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