E$.$g$.$ Biogen, a biotechnology firm borrowed $ $2,50,000$ to purchase a laboratory equipment for gene splicing. The loan carries an interest rate of $8\%$ per annum and is to be repaid in equal installments over next six years. The company wants to negotiate with the bank and defer the loan repayment by two years $(02$ years from now$)$ and retain six installments. Compute the annual installments, if the bank wants to retain its profit.