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Door to Door Moving Company is considering purchasing new equipment that costs $708,000. Its management estimates that the equipment will generate cash inflows as follows

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Door to Door Moving Company is considering purchasing new equipment that costs $708,000. Its management estimates that the equipment will generate cash inflows as follows Year 1 $220,000 2 220,000 3 262,000 4 262,000 5 170,000 Present value of $1 6% 7% 8% 9% 10% 0.943 0.890 0.840 0.792 0.747 0.935 0.873 0.816 0.763 0.713 0.926 0.857 0.794 0.735 0.681 0.917 0.842 0.772 0.708 0.909 0.826 0.751 0.683 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) $39,160 $786,000 $914,000 $908,628

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