Home Express Moving Company is considering purchasing new equipment that costs $702,000. Its management estimates that the equipment will generate cash infows as follows: Year 1 $216.000 2 216.000 3 268,000 4 268,000 5 160,000 Present value of $1 6% 79 1 0.943 0.935 2 0.800 0.873 3 0 840 0.816 4 0792 0.763 8 0.926 0.857 ON 0.917 0.142 0.772 0.700 10% 0 900 0226 0.751 0.683 0.704 0735 O A $914,000 OB. $880,584 OC. $822,844 OD. $12,000 3 268,000 4 268,000 5 160,000 Present value of $1 6% 0.943 0.935 2 0.890 0.873 3 0.540 0.816 4 0.792 0.763 5 0.747 0.713 1 8% 0.926 O AST 0.794 0.735 0.681 9% 0.017 0.62 0.772 0.70 0.650 10% 0.900 0.626 0.751 0.683 The company's annual required rate of return is 9% thing the factors in the table, calculate the present value of the cash flow. (Round all calculations to the nearest whole dolur) O A $914,000 OB. $880,584 OC. $822,844 OD 5912,000