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The XYZ Company loaned some money to one of its vendors so the vendor could upgrade its supply chain. In return, the vendor has agreed

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The XYZ Company loaned some money to one of its vendors so the vendor could upgrade its supply chain. In return, the vendor has agreed to pay XYZ $44753 a year, with the first payment occurring at the end of year 6.The vendor will make a total of 12 payments to XYZ (one per year), what is the annual worth of this loan? Use a MARR of 9% to make the calculation. Hint: Count the years carefully. Calculate the annual worth for the entire cash flow (from year 0 to the year of the last payment). Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign "$"), any commas), or a decimal point

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