Time Remaining 1 hour 23 minutes 49 seconds01:23:49\ eBookItem 3\ Time Remaining 1 hour 23 minutes 49 seconds01:23:49\ Rachel Corporation purchased a building by paying $96,000 cash on the purchase date, agreeing to pay $51,200 every year for the next nine years and one payment of $106,000 ten years from the purchase date. The first payment is due one year after the purchase date. Rachel's incremental borrowing rate is 10%. (FV of $1, PV of $1, FVA of $1, and PVA of $1)\ \ The building reported on the balance sheet as of the purchase date is closest to:\ \ Note: Use the appropriate factor(s) from the tables provided.\ \ Multiple Choice\ \ $335,729.\ \ \ $566,800.\ \ \ $294,862.\ \ \ $431,729.