Star studios is looking to purchase a new building for its upcoming film productions. the company finds a suitable location that has a list price of $1,600,000. the seller gives star studios the following purchase options: (fv of $1, pv of $1, fva of $1, and pva of $1)(use appropriate factor(s) from the tables provided. round your answers to 2 decimal places.)1. pay $1,600,000 immediately.2. pay $600,000 immediately and then pay $150,000 each year over the next 10 years, with the first payment due in one year.3. make 10 annual installments of $250,000, with the first payment due in one year.4. make a single payment of $2,300,000 at the end of five years. required:

determine the present value for each option assuming that the company can borrow funds to finance the purchase at 8%.