A municipality is considering a project that will result in an annual cost for the 1st year of $250,000. The cost of the project over the next 5 years will increase each year by 4%. a. Find the present worth of the project over the next 5 years, assuming i = 7% per year. b. Assuming i = 7% per year, what is the equivalent annual cost of the project? Find the present worth of the project over the next 5 years, assuming g = 7% per year. d. Assuming g = 7% per year, what is the equivalent annual cost of the project? C