Lloyd's Moving Company Is Considering Purchasing New Equipment That Costs

Lloyd's Moving Company is considering purchasing new equipment that costs $728,000.Its management estimates that the equipment will generate cash flows as follows:

Present value of $1:

The company's annual required rate of return is 9%.Using the factors in the table,calculate the present value of the cash flows.(Round all calculations to the nearest whole dollar. )

A) $870,000
B) $839,674
C) $853,320
D) $872,000