On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): ( EV of $1. PV of $1. EVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) a. Promised to pay a fixed amount of $7,600 at the end of each year for seven years and a one-time payment of $118,200 at the end of the 7th year. b. Established a plant remodeling fund of $492,400 to be available at the end of Year 8. A single sum that will grow to $492,400 will be deposited on January 1 of this year. c. Agreed to pay a severance package to a discharged employee. The company will pay $76,600 at the end of the first year, $114,100 at the end of the second year, and $151,600 at the end of the third year. d. Purchased a $178,000 machine on January 1 of this year for $35,600 cash. A five-year note is signed for the balance. The note will be paid in five equal year-end payments starting on December 31 of this year. P9-11 Part 1 Required: 1. In transaction (a), determine the present value of the debt. (Round your answer to nearest whole dollar.) Present value