Acompany must purchase new equipment costing 550 000. The company can pay cash on the basis of the purchase price of make payments of $815 per month foreight years interest is 75% compounded money Compute the present value of each alternative and determine the company should purchase the new equipment with cash or make payments on the installment plan The present value of the equipment the company pays cash is Round the final to the restoranded Round all medievales los capaces as needed) The present value of the equipment if the company make payments on the installment plan is $ (Round the final answer to the nearest doar as needed found all intermediate values to six decimal places as needed) The company should