3 Casper Company is in the process of purchasing several inge pieces como Machine Corporation. Several financing alternatives have been offered by 1. Pay $1,180,000 in cash immediately. 2. Pay $481,000 immediately and the remainder in 10 annual installments of installment due in one year 3. Make 10 annual installments of $162,000 with the first payment due me 4. Make one lump-sum payment of $1770,000 five years from date of purchase 5. Make 18 annual installments of $166,000 with the first payment due 5 years from 10 Required: Determine the best alternative for Casper, assuming that Casper can borrow funds at a ver rate. (Round your final answers to nearest whole dollar amount.) PV $ 1,180,000