Harding Company is in the process of purchasing several large pieces of equipment from Danning Machine Corporation. Several financing alternatives have been offered by Danning: Pay $1,000,000 in cash immediately. Pay $450,000 immediately and the remainder in 10 annual installments of $83,000, with the first installment due in one year. Make 10 annual installments of $145,000 with the first payment due immediately. Make one lump-sum payment of $1,620,000 five years from date of purchase. Assuming that Harding can borrow funds at an 10% interest rate, determine the present value. (Use pv of $1. pvA of $1. and pvad ofsil (Round "PV Factors" to 5 decimal places and final answers to the nearest dollar amount.) Which is the best alternative for Harding? Alternative 1 Alternative 2 Alternative 3 Alternative 4