MC Qu. 48 On October 1, 2018, Justine Company... Present and future value tables of $1 at 11% are presented below 1 0.90090 1.11000 2 0.81162 1.23210 3 0. 731191.36763 4 0. 65873 1.51807 5 0. 59345 1.68506 6 0. 53464 1.87041 PV of $1 FV of $1 PVA of $1 FVA of $1 1.0000 2.1100 3.3421 4.7097 6.2278 7.9129 0.90090 1.71252 2.44371 3.10245 3.69590 4.23054 On October 1, 2018, Justine Company purchased equipment from Napa Inc. In exchange for a noninterest-bearing note payable In two equal annual payments of $640,000, beginning Oct 1, 2019. Similar borrowings have carried an 11% interest rate. The equipment would be recorded at Multiple Choice $1,563.974 $1,096,013 $1139,200. $1,280,000