Problem 2 Exacto Corporation bought new equipment and signed a six-year note with terms of 5% interest and semi-annual installments of $125,000. The first payment will be on the day of the purchase. The market rate of interest for this transaction is 5%. Requirement A. Determine how much Exacto should record as the cost of the equipment? B. How much will Exacto actually pay for the equipment? A Cost of Equipment (enter value here) Show Calculations Over Here! B Actual Cash Exacto pays (enter value here) Show Calculations Over Here