Door to Door Moving Company is considering purchasing new equipment that costs $730,000. Its management estimates that the equipment will generate cash flows as follows:

Year 1	$206,000
2	206,000
3	262,000
4	262,000
5	154,000

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.) Use the Excel NPV formula.

a	$786,000
b	$884,000
c	$36,668
d	$872,770