Home Express Moving Company is considering purchasing new equipment that costs $710,000. Its management estimates that the equipment will generate cash inflows as follows: Year 1 $206,000 206,000 250,000 250,000 154,000 Present value of $1: 6% 7% 8% 9% 10% 0.943 0.935 0.926 0.917 0.909 0.890 0.873 0.857 0.842 0.826 0.840 0.816 0.794 0.772 0.751 0.792 0.763 0.735 0.708 0.683 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.)Home Express Moving Company is considering purchasing new equipment that costs $710,000. Its management estimates that the equipment will generate cash inflows as follows: O A. $860,000 O B. $832,454 O C. $862,000 O D. $832,221