Home Express Moving Company is considering purchasing new equipment that costs $714,000. Its management estimates that the equipment will generate cash inflows as follows: Year 1 $206,000 2 206,000 3 266,000 4 266,000 5 164,000 1 Present value of $1: 6% 0.943 2 0.890 3 0.840 4 0.792 7% 0.935 0.873 0.816 0.763 8% 0.926 0.857 0.794 0.735 9% 0.917 0.842 0.772 0.708 10% 0.909 0.826 0.751 0.683 A. $902,000 B. $862,634 C. $904,000 D. $836,910 LUU, Vuu 3 4 266,000 266,000 164,000 5 7% 1 Present value of $1: 6% 0.943 2 0.890 3 0.840 4 0.792 5 0.747 0.935 0.873 0.816 0.763 0.713 8% 0.926 0.857 0.794 0.735 0.681 9% 0.917 0.842 0.772 0.708 0.650 10% 0.909 0.826 0.751 0.683 0.621 The company's annual required rate of return is 9%. Using the factors in the table, calculate the present value of the cash flows. (Round all calculations to the nearest whole dollar.) A. $902,000 B. $862,634 C. $904,000 D. $836,910