Stone Company is facing several decisions regarding investing and financing activities. Address each decision independently.

On June $30,2024,$ the Stone Company purchased equipment from Paper Corporation. Stone agreed to pay $$22,000$ on the purchase date and the balance in five annual installments of $$5,000$ on each June $30$ beginning June $30,2025.$ Assuming that an interest rate of $11\%$ properly reflects the time value of money in this situation, at what amount should Stone value the equipment?

Stone needs to accumulate sufficient funds to pay a $$520,000$ debt that comes due on December $31,2029.$ The company will accumulate the funds by making five equal annual deposits to an account paying $7\%$ interest compounded annually. Determine the required annual deposit if the first deposit is made on December $31,2024.$

On January $1,2024,$ Stone leased an office building. Terms of the lease require Stone to make $10$ annual lease payments of $$132,000$ beginning on January $1,2024.$ An $11\%$ interest rate is implicit in the lease agreement. At what amount should Stone record the lease liability on January $1,2024,$ before any lease payments are made?

Note: For all requirements, Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

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On June $30,2024,$ the Stone Company purchased equipment from Paper Corporation. Stone agreed to pay $$22,000$ on the purchase date and the balance in five annual installments of $$5,000$ on each June $30$ beginning June $30,2025.$ Assuming that an interest rate of $11\%$ properly reflects the time value of money in this situation, at what amount should Stone value the equipment?

Note: Round your final answers to nearest whole dollar amount.

Time values are based on:

$n=$