Zoey Company is considering purchasing new equipment that costs $706,000. Its management estimates that the equipment will generate cash inflows as follows: $220,000 Year 1 2 220,000 3 260,000 4 5 260,000 160,000 The company's required rate of return is 10% Using the factors in the table below, calculate the present value of the cash inflows. (Round all calculations to the nearest whole dollar) Present value of $1: 8% 9% 10% 7% 6% OA. $853,900 OB. $771,557 OC. $786,685 OD. $775,512