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:pay $1,120,000 in cash immediately.pay $430,000 immediately and the remainder in 12 annual installments of $81,000, with the first installment due in one year.make 12 annual installments of $130,000 with the first payment due immediately.make one lump-sum payment of $1,600,000 five years from date of purchase.
