ill give 5 stars

only need options 3 and 4

Hard Hat Company is in the process of purchasing several large pleces of equipment from Machine Corporation. Several financing alternatives have been offered by Machine: 1. Pay $1,010,000 in cash immediately. 2. Pay $431,000 immediately and the remainder in 10 annual instaliments of $91,000, with the first installment due in one year 3. Make 10 annual installments of $153,000 with the first payment due immediately: 4. Make one lump-sum payment of $1,720,000 five years from date of purchase. Required: Determine the best alternative for Hard Hat, assuming that Hard Hat can borrow funds at a(n) 11% interest rate Note: Round your final answers to nearest whole dollar amount. Use tables, Excel, or a financial calculator. (EV of S1, PV of S1, EVA of \$1. PVA of \$1, EVAD of $1 and PVAD of \$1)