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Check my work Harding Company is in the process of purchasing several large pieces of equipment from Danning Machine Corporation Several financing alternatives have been

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Check my work 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, PVAD of $1) (Use appropriate factor(s) from the tables provided.) FVAD of $1 and 1. Pay $1,160,000 in cash immediately 2.Pay $461,000 immediately and the remainder in 10 annual installments of $94,000, with the first installment due in one year. 3. Make 10 annual installments of $156,000 with the first payment due immediately 4. Make one lump-sum payment of $1,730,000 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.) PV Option 1 Option 2 Option 3 KPrey 2 of 3Nex> 10

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