View History On June 30, 2021. By Night Airlines Submi Save & Exit CE Connect Help Sed Myodu Main View Check my work Ch. 5 Homework 8 2 points Harding Company is in the process of purchasing several large pieces of equipment from Danning Machine Corporation. Several financing alternatives have been offered by Danning: (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of S1) (Use appropriate factors) from the tables provided.) 1. Pay $1,160,000 in cash immediately. 2. Pay $461,000 immediately and the remainder in 10 annual installments of $94,000, with the first installment due in one year. 3. Make 10 annual Installments of $156,000 with the first payment due immediately 4. Make one lump-sum payment of $1,730,000 five years from date of purchase. Required: Determine the best alternative for Harding, assuming that Harding can borrow funds at a 8% interest rate. (Round your final answers to nearest whole dollar amount.) PV 5 1.160,000 Option 1 Option 2 Option Option The best alternative for Harding Option 2 Next >