A manufacturing company is planning to build a new production facility. To finance the project, they are considering borrowing money from a bank. The company is willing to repay the loan by increasing annual payments over 5 years. Given: - The company is willing to repay the loan with $60,000 in year 1 . - The annual payment increases by $10,000 each year through year 5 . - The interest rate is 10% per year. Problem 1: Loan Amount Calculation How much money can the company borrow from the bank at an interest rate of 10% per year to fund the new production facility? Problem 2: Equivalent Annuity Calculation 2. What is the equivalent annuity (constant annual payment) the company must pay over the 5 years to repay the loan under the given terms? Problem 3: Future Value Calculation 3. What is the future value (total) of the payments made by the company over the 5 years