Required information [The following information applies to the questions displayed below] On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): ( EVol\$1. PV of S1. EVA ol \$1, and PVA of Sil Note: Use appropriate factor(s) from the tables provided. a. Promised to pay a fixed amount of $6,600 at the end of each year for six years and a one-time payment of $116,200 at the end of the 6 th yeat b. Established a plant remodeling fund of $490,900 to be available at the end of Yeat 7 A single sum that will grow to $490.900 will be deposited on January 1 of this yeat. c. Agreed to pay a severance package to a discharged employee. The company will pay $75,600 at the end of the first yeat, $113,100 at the end of the second year, and $150,600 at the end of the third year. d. Purchased a $173,000 machine on January 1 of this year for $34,600 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. Required: 1. In transaction (a), determine the present value of the debt Note: Round your intermediate calculations and final answer to nearest whole dollar