Barry Rich is a business major at State U. He will be graduating this year and is planning to start a consulting business. He will need to purchase computer equipment that costs $31,000. He can borrow the money from the local bank but will have to make annual payments of principal and interest. (Use appropriate factor(s) from the tables provided, or round your calculated discount factors to 6 decimal places. Round your final answers to the nearest whole dollar. Click here to view Tables FV1, PV1, FVA1, or PVA1 in the appendix.) Required a. Compute the annual payment Barry will be required to make on a $31,000, four-year, 7 percent loan. b. If Barry can afford to make annual payments of $5,200, how much can he borrow? TABLE I Future Value of $1 TABLE II Present Value of $1 TABLE III Future Value of an Annuity of $1 TABLE IV Present Value of an Annuity of \$1