Home Express Moving Company is considering purchasing new equipment that costs

$ 724 comma 000$724,000.

Its management estimates that the equipment will generate cash inflows as follows:

Year 1	$ 210 comma 000$210,000
2	210 comma 000210,000
3	264 comma 000264,000
4	264 comma 000264,000
5	158 comma 000158,000

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.)

A.

$ 898 comma 000$898,000

B.

$ 896 comma 000$896,000

C.

$ 862 comma 810$862,810

D.

$ 848 comma 631