Trump Company is considering purchasing new equipment that costs $720,000. Its management estimates that the equipment will generate cash flows as follows:

Year 1	$218,000
2	218,000
3	258,000
4	258,000
5	150,000

Present value of $1:

	6%	7%	8%	9%	10%
1	0.943	0.935	0.926	0.917	0.909
2	0.890	0.873	0.857	0.842	0.826
3	0.840	0.816	0.794	0.772	0.751
4	0.792	0.763	0.735	0.708	0.683
5	0.747	0.713	0.681	0.605	0.621

The company's annual required rate of return is 8%. Using the factors in the table, calculate the present value of the cash inflows. (Round all calculations to the nearest whole dollar.)

Select one:

a. $884,000

b. $774,000

c. None of the above

d. $38,804

e. $885,326