Question: On January 1 , 2 0 2 4 , the Merit Group issued to its bank a $ 4 3 million, five - year installment

On January 1,2024, the Merit Group issued to its bank a $43 million, five-year installment note to be paid in five equal payments at the end of each year. Installment payments of $10.600 million annually include interest at the rate of 7.4%.
Required:
What would be the amount(s) related to the note that Merit would report in its statement of cash flows for the year ended December 31,2024?
Note: List each cash flow separately. Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 2 decimal places (i.e.,5,500,000 should be entered as 5.50).

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