Libby Company purchased equipment by paying $6,600 cash on the purchase date and agreed to pay $6,600 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 10%. 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 $52.800 $59,400. $42,657 $49,257