Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $10,000 not due for three years. The interest rate on the note is 7%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) What amount did Canliss borrow? (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) XAnswer is complete but not entirely correct. Step 1: Calculate the PV of the Ordinary Annuity Component: $ 10,000 Payment: 5 n = 7% Present Value: 41,002 Step 2: Convert the Annuity to a Single Sum: Payment: 41,002 2 7% 74,132 X $ Present Value: