Answer the following compounding/discounting questions assuming year-end cash flows. St. Elsewhere Hospital purchased a DaVinci Robotic System for $3.75 million dollars, using a 5-year loan at 4.4% interest. Round to the nearest whole dollar. 345 4 5 a) What will be the annual payment for the machine? 6 7 8 9 PV N I FV Annual Payment: 10 11 b. The price of the DaVinci Robotic System is rising at a fixed rate of 4.5% each year. How much would it cost to replace the DaVinci machine 3 years from now? 12 13 14 15 PV N 16 I 17 PMT 18 19 20 Future Value: