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Hard Hat Company is in the process of purchasing several large pieces of equipment from Machine Corporation. Several financing alternatives have been offered by Machine:
Hard Hat Company is in the process of purchasing several large pieces of equipment from Machine Corporation. Several financing alternatives have been offered by Machine::: Pay $ in cash immediately Pay $ immediately and the remainder in annual installments of $ with the first installment due in one year Make annual installments of $ with the first payment due immediately Make one lumpsum payment of $ five years from date of purchase.Required:Determine the best alternative for Hard Hat, assuming that Hard Hat can borrow funds at an interest rate.Note: Round your final answers to nearest whole dollar amount. Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $PV
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