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The note about debt included in the financial statements of Healdsburg Company for the year ended December 31, 2023 disclosed the following: The above table

The note about debt included in the financial statements of Healdsburg Company for the year ended December 31, 2023 disclosed the following:

image text in transcribed The above table summarizes the long-term debt of the Company on December 31,2023 . All of the notes were originally issued at their face (maturity) value and have been gradually repaid over time so that these amounts are the remaining balances at this date. Assume that the notes pay interest annually and mature on December 31 of the respective years. Required: Suppose that Healdsburg renegotiates the 8.25% notes on December 31,2029 , when the going interest rate is 9%. Healdsburg agrees to make 12 equal annual installments, commencing on December 31,2030 , rather than pay the annual interest payments and the $230 million in a single amount at maturity. What would the annual payments be? Note: Use tables, Excel, or a financial calculator. Enter your answer in whole dollars. Round your final answer to nearest whole dollar. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and

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