Question: Only 1 hour, please as soon as possible, please. PS:Please fill in exactly the same way as this form Hard Hat Company is in the

Only 1 hour, please as soon as possible, please. PS:Please fill in exactly the same way as this formOnly 1 hour, please as soon as possible, please. PS:Please fill in

Hard Hat Company is in the process of purchasing several large pieces of equipment from Machine Corporation. Several financing alternatives have been offered by Machine: 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 Hard Hat, assuming that Hard Hat can borrow funds at a(n) 8% interest rate. Note: Round your final answers to nearest whole dollar amount. Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1,PVA of $1,FVAD of $1 and PVAD of $1)

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