Question: please answer the following Complete the table below to determine the price of the equipment. (Round Table values are based on: n = 1 =

please answer the following

Complete the table below to determine the price of the equipment. (Round Table values are based on: n = 1 = 3 10.0% Amount Cash Flow Present Value Interest Principal Price of equipment Amber Mining and Milling, Inc., contracted with Truax Corporation to have constructed a custom-made lathe. The machine was completed and ready for use on January 1, 2021. Amber paid for the lathe by issuing a $800,000, three-year note that specified 5% Interest, payable annually on December 31 of each year. The cash market price of the lathe was unknown. It was determined by comparison with similar transactions that 10% was a reasonable rate of interest. (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) Required: 1-a. Complete the table below to determine the price of the entiinment

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