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Door to Door Moving Company is considering purchasing new equipment that costs $ 710 comma 000$710,000. Its management estimates that the equipment will generate cash

Door to Door Moving Company is considering purchasing new equipment that costs

$ 710 comma 000$710,000.

Its management estimates that the equipment will generate cash inflows as? follows:

Year 1

$ 202 comma 000$202,000

2

202 comma 000202,000

3

270 comma 000270,000

4

270 comma 000270,000

5

164 comma 000164,000

Present value of? $1:

?6%

?7%

?8%

?9%

?10%

1

0.943

0.935

0.926

0.917

0.909

2

0.890

0.873

0.857

0.842

0.826

3

0.840

0.816

0.794

0.772

0.751

4

0.792

0.763

0.735

0.708

0.683

5

0.747

0.713

0.681

0.650

0.621

The? company's annual required rate of return is? 8%. Using the factors in the? table, calculate the present value of the cash inflows.? (Round all calculations to the nearest whole? dollar.)???

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