Home Express Moving Company is considering purchasing new equipment that costs $728,000. Its management estimates that the equipment will generate cash inflows as follows:

Year 1	$214,000
2	214,000
3	264,000
4	264,000
5	150,000

Present value of $1:

	6%	7%	8%	9%	10%
1	0.943	0.935	0.926	0.917	0.909
2	0.890	0.873	0.857	0.842	0.826
3	0.840	0.816	0.794	0.772	0.751
4	0.792	0.763	0.735	0.708	0.683
5	0.747	0.713	0.681	0.650	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.)

Select one:

A. $864,646

B. $892,000

C. $853,320

D. $894,000