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): (FV of \$1, PV of \$1. FVA of \$1, and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. a. Promised to pay a fixed omount of $6,000 at the end of each year for seven years and a one-time payment of $115,000 ot the end of the 7 th yeat. b. Established a plant remodeling fund of $490,000 to be avaliable at the end of Year 8 . A single sum that will grow to $490,000 will be deposited on January 1 of this year. c. Agreed to pay a severance package to a discharged employee. The company will pay $75,000 at the end of the first year, $112,500 at the end of the second year, and $150,000 ot the end of the third year. d. Purchased a $170,000 machine on January 1 of this year for $34,000 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. 3. In transaction (c). determine the present value of this obligation. Note: Round your intermediate and final answer to nearest whole dollar