Problem 5-3 (Algo) Analysis of alternatives (L05-3,5-8] Harding Company is in the process of purchasing several large pleces of equipment from Danning Machine Corporation. Several financing alternatives have been offered by Danning: (FV of Sl. PV of $1. EVA of $1. PVA of $1. FVAD of Si and PVAD of $13 (Use appropriate factor(s) from the tables provided.) 1. Pay $1,050,000 in cash Immediately. 2. Pay $440,000 immediately and the remainder in 12 annual installments of $80,000, with the first installment due in one year 3. Make 12 annual Installments of $131,000 with the first payment due immediately, 4. Make one lump-sum payment of $1780,000 six years from date of purchase Reguired: Determine the best alternative for Harding, assuming that Harding can borrow funds at a 9% Interest rate (Round your final answers to nearest whole dollar amount.) Option 1 Option 2 Option 3 Option 4 The best alternative for Harding