Harding Company is in the process of purchasing several large pleces of equipment from Danning Machine Corporation. Several financing alternatives have been offered by Danning: (FV of \$1, PV of $1, FVA of \$1, PVA of \$1, FVAD of $1 and PVAD of $1 ) (Use appropriate factor(s) from the tables provided.) 1. Pay $1,010,000 in cash immediately. 2. Pay $431,000 immediately and the remainder in 10 annual instaliments of $91,000, with the first installment due in one year. 3. Make 10 annual 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 Harding, assuming that Harding can borrow funds at a 11% interest rate. (Round your final answe to nearest whole dollar amount.)