Strong Company acquired land. Strong pays $750,000 Immediately and promises to pay an additional $1,000,000 in two years. An interest rate of 8% reflects the time value of money for this type of loan agreement. For how much should Strong value the note payable of $1,000,000? 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 $714,678 $1,000,000 $857,340 $912,385