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c. The son decides to work first to have enough money before he enters college. If he lands to a job that will enable him to continue the yearly investment his father is paying for 5 years. How much yearly amount will he receive for his 1st to 5th year college fund? (10 pts) Situation 1. A transit mixer can be purchased for P1,400,000 and has a life expectancy of 10 years. Taxes and insurance are P30,000 per year. Annual maintenance costs are estimated to be P40,000 per year. Variable cost of P5,000 every two years. Assuming a salvage value of P100,000, and an interest rate of 5%. a. Compute the equivalent present cost of owning and operating the dozer for the next 10 years. (5 pts) Your answer b. Find the equivalent uniform annual cost of owning and operating the dozer for the next 10 years. (5 pts) Your