K Door to Door Moving Company is considering purchasing new equipment that costs $724,000. Its management estimates that the equipment will generate cash inflows as follows: $208,000 Year 1 2 208,000 3 270,000 4 270,000 5 156,000 Present value of $1: 6% 7% 8% 9% 10% 12345 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 5 0.747 0.713 0.681 0.650 0.621 The company's annual required rate of return is 8%. Using the factors in the table, calculate the present value of the cash inflows. (Round all calculations to the nearest whole dollar.) OA. $810,000 OB. $889,930 OC. $904,000 OD. $37,024