A governmental committee considers a plan for restoring the landscape of a large area of public land. The study period is indefinitely iong (infinity). The plan calls for an initial investment of $500,000; with expenses of $21,000 per year starting three years from now and lasts forever. It will also require an expenditure (cost) of $200,000 twenty years from now which will be repeat every 20 years thereafter. Compute the capitalized cost of this plan assuming an interest rate of 3% per semiannual compounded continuously