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: (FV of \$1. PV of \$1. EVA of \$1. PVA of \$1. EVAD. of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) 1. Pay $1,060,000 in cash immediately. 2. Pay $466.000 immediately and the remainder in 10 annual instaliments of $81.000, with the first installment due in one yeat. 3. Make 10 annual instaliments of $150,000 with the first payment due immediately 4. Make one lump-sum payment of $1,790,000 five years from date of purchase. Required: Determine the best alternative for Harding, assuming that Harding can borrow funds at a 11% interest rate. (Round your final answers to nearest whole dollar amount.)