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: (EV 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 $1,010,000 in cash immediately. 2. Pay $431,000 immediately and the remainder in 10 annual installments of $91,000, with the first installment due in one year. 3. Make 10 annual installments 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 answers to nearest whole dollar amount.) Answer is complete but not entirely correct. PV Option 1 $ 1,010,000 Option 2 $ 5,742,000 Option 3 $ 1.683,000 Option 4 $ 1,020.875 The best alterative for Harding Option 2