A Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $($$$18,500)$ not due for three years. The interest rate on the note is $6\%.$

What amount did the company borrow?

Note: Use tables, Excel, or a financial calculator. Round your intermediate and final answers to nearest whole dollar amount. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

$\backslash$table$[[$Step $1$: Calculate the PV of the Ordinary Annuity Component:$],[$Payment:$],[$Present Value:$],[$Step $2$: Convert the Annuity to a Single Sum:$],[$Payment:$],[],[$Present Value:$]]$