For equipment purchase, Samos is given four different payments plans. Assume an annual interest rate of 8% 1) $450,000 due immediately in cash 2) $120,000 down payment due immediately; $60,000 per year for 10 years, beginning at the end of the current year 3) $100,000 down payment due immediately; $30,000 per year for 4 years beginning at the end of the current year; $80,000 per year for 8 years beginning at the end of the fourth year after the initial purchase 4) $60,000 due immediately and at the beginning of each of the next 11 years Required: Calculate the present value of each option.