Ace Manufacturing is building a new Platinum Level LEED certified facility that will cost $44M. Ace will borrow $40M from First National Bank and pay the remainder immediately as a

down payment. Ace will pay 7% interest but will make no payments for 4 years,at which time the entire amount will be due. (a) How large will Ace's payment be? (b) What is LEED, by whom was it devised, and why?