Seventeen years ago, the Archer Corporation borrowed $$7,350,000.$ Since then, cumulative inflation has been $95$ percent $($a compound rate of approximately $4$ percent per year$).$

When the firm repays the original $$7,350,000$ loan this year, what will be the effective purchasing power of the $$7,350,000?($Hint: Divide the loan amount by one plus cumulative inflation.$)$

Note: Do not round intermediate calculations and round your answer to the nearest whole dollar.

To maintain the original $$7,350,000$ purchasing power, how much should the lender be repaid? $($Hint: Multiply the loan amount by one plus cumulative inflation.$)$

Note: Do not round intermediate calculations and round your answer to the nearest whole dollar.