Which capital budgeting method uses accrual accounting, rather than net cash flows, as a basis for calculations? Select one: O A. net present value B. payback C. accounting rate of return O D. internal rate of return O E. None of the above Nixon 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 The company's annual required rate of return is 9%. Calculate the present value of the cash inflows. (Round all calculations to the nearest whole dollar.) Select one: O A. $57,000 0 B. $662,973 O C. $885,326 0 D. $1,000,000 E. $1,102,000 0 F. None of the above