Door to Door Moving Company is considering purchasing new equipment that costs $700,000. Its management estimates that the equipment will generate cash inflows as follows:

Year 1	$206,000
2	206,000
3	262,000
4	262,000
5	158,000

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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Part 1

A.

$786,000

B.

$888,000

C.

$875,494

D.

$36,668