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, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Use appropriate factor(s) from the tables provided.) Pay $1, 130, 000 in cash immediately. Pay $402,000 immediately and the remainder in 12 annual installments of $90, 000, with the first installment due in one year. Make 12 annual installments of $132,000 with the first payment due immediately. Make one lump-sum payment of $1,720, 000 six years from date of purchase. Required: Determine the present value, assuming that Harding can borrow funds at an 7% interest rate