Hard Hat Company is in the process of purchasing several large pieces of equipment from Machine Corporation Several financing altermatives have been offered by Machine: 1. Poy $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 instailiments of $156,000 with the first payment due immediately. 4. Make one lump-5um payment of $1,730,000 five years from date of purchase. Required: Determine the best alternative for Hard Hat, assuming that Hard Hat can borrow funds at a (n) 8% inferest rate. of S1. PVA of S1. FVAD of Si and PVAD of Sil)