Lbby Company purchased equipment by paying $5,900 cash on the purchase date and agreed to pay $5,900 every six months during the next four years. The first payment is due six months after the purchase date. Libby's incremental borrowing rate is 8%. The equipment reported on the balance sheet as of the purchase date is closest to: (FV of \$1. PV of \$1. EVA of \$1, and PVA of \$1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $53,100 $47,200 $39,723 $45,623 Lbby Company purchased equipment by paying $5,900 cash on the purchase date and agreed to pay $5,900 every six months during the next four years. The first payment is due six months after the purchase date. Libby's incremental borrowing rate is 8%. The equipment reported on the balance sheet as of the purchase date is closest to: (FV of \$1. PV of \$1. EVA of \$1, and PVA of \$1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $53,100 $47,200 $39,723 $45,623