Ocean Industries will need $800,000 million 3 years from now to replace some equipment. Currently, the firm has some extra cash and would like to establish a savings account for this purpose. The account pays 4 percent interest, compounded annually. How much money must the company deposit today to fully fund the equipment purchase? $675,924.43 None of the answers is correct $711,197.09 $899,891.20 O $709,677.96