Please answer these two TVM questions.

On September 1, 20X1, Quantum Inc. purchased machinery costing $275,000. lt paid $25,000 down and financed the remaining $250,000. The amount financed will be paid back in eight (8) equal annual installments on September 1 of each year beginning September 1, 20X2, at an interest rate of 8% compounded annually. Question: Rounded to the nearest whole dollar, what will be the amount of each annual payment? Note: You may use the factor tables located in the appendix of your textbook or use the factor table links located at the bottom of this question. The factor table you select should open up in a new window on your computer. Answer: Rounded to the nearest whole dollar, each annual payment will be (show as a positive number)