5-4 What we are asking here is what is the amount that would need to be spent today in order to fund this project? You know you will need at least the initial $13,000, but based on the other information given, how much total would you need to invest in order to have the required capital to cover the costs for the next 15 years? Evaluate a combined cycle power plant on the basis of the PW method when the MARR is 12% per year. Pertinent cost data are as follows: Power Plant (thousands of $) Investment cost $13,000 Useful life 15 years Market value (EOY 15) $3,000 Annual operating expenses $1,000 Overhaul cost-end of 5th year $200 Overhaul cost-end of 10th year $550