E9-13 (Algo) Computing Four Present Value Problems LO 9-7 On January 1 of this year, Shannon Company completed the following transactions (assume a 8% annual interest rate): (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Bought a delivery truck and agreed to pay $60,200 at the end of three years. Rented an office building and was given the option of paying $10,200 at the end of each of the next three years or paying $28,200 immediately. Established a savings account by depositing a single amount that will increase to $90,400 at the end of seven years. Decided to deposit a single sum in the bank that will provide 8 equal annual year-end payments of $40,200 to a retired employee (payments starting December 31 of this year). d. What single sum must be deposited in the bank on January 1 of this year? (Round your answer to nearest whole dollar.