Hard Hat Company is in the process of purchasing several large pieces of equipment from Machine Corporation, Severat financing altematives have been offered by Machine: 1. Pay $1,160,000 in cash immediately 2. Pay $461,000 immediately and the remainder in 10 annuat installments of $94,000, with the first instaliment due in one year. 3. Make 10 annual instaliments of $156,000 with the first payment due immediately 4. Moke one lamp-sum payment of $1,730.000 five years from date of parchase Required: Detemine the best alternative for Hard Hat, assuming that Hard Hat can borrow funds at afny 8% interest rate. OLS1. PVA o(S1. EVAD o SSI and PVAD ofSD)