Problem 5-3 (Algo) Analysis of alternatives [LO5-3, 5-8] Harding Company is in the process of purchasing sevoral lage pieces of equipment frem Danning Machine Corporation 5 evereia appropriate factor(s) from the tables provided.) 1. Pay 51,010,000 in cash immediately: 2. Ray $431,000 immediately and the remainder in 10 annual instalments of 591,000 , wth the fist insalment die in one year. 3. Make 10 anmual installments of $153.000 with the first poyment due immediately. 4. Make one lump-sum payment of $1,720,000 five years from date of purchase. Required: Determine the best alternative for Harding, assuming that Harding can borrow funds at a the interest rate. (Round your final anvers to nearest whole dollar amount.)