Marquis Company acquired equipment. Marquis paid $160,000 in cash Immediately and signed a $640,000 noninterest-bearing note for the remaining balance, which is due in one year. An Interest rate of 5% reflects the time value of money for this type of loan agreement. For how much should Marquis value the note payable of $640,000? Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Multiple Choice $601,905 $640,000 $449,523 $609,523