Hard Hat Company is in the process of purchasing several large pieces of equipment from Machine Corporation. Several financing atternatives have been offered by Machine. 1. Pay $1010,000 in cash immedately. 2. Poy $431,000 immediately and the remainder in to annual instalments of $91,000, with the first instaliment due in one yeat. 3. Make 10 annubl instaliments of $153,000 with the first payment due immediately. 4. Make one lump-sum payment of $1,720,000 five years from date of purchase. Required: Determine the best alternative for Hard Hat, assuming that Hard Hat can borrow funds at a(n) irs interest rate. Notet Round your final answers to nearest whole dollar amount. Use tables, Excel, or a financial calculator. EY of S1, pY of S1, EVA of S1, PVA of S1, EVAD of (S) and PVAD of (s1)