Chapter 6, Problem 059 (GO Multipart) Part 1 | Incorrect F is the future amount of money in the account at the end of n years. A is the annual amount of money per year over n years. P is the present amount of money. i is the interest rate per year. Note that i needs to be a fraction (I = 0.05 for 596) The cost of the launch vehicle is at the end of year n Calisto Launch Services is an independent space corporation and has been contracted to develop and launch one of two different satellites. Initial equipment will cost $800 thousand for the first satellite and $890 thousand for the second. Development will take 5 years at an expected cost of $150 thousand per year for the first satellite; $130 thousand per year for the second. The same launch vehicle can be used for either satellite and will cost $285 thousand at the time of the launch 5 years from now. At the conclusion of the launch, the contracting company will pay Calisto $2.35 million for either satellite. Calisto is also considering whether they should launch both satellites. Because Calisto would have to upgrade its facilities to handle two concurrent projects, the initial costs would rise by $110 thousand in addition to the first costs of each satellite. Calisto would need to hire additional engineers and workers, raising the yearly costs to a total of $400 thousand. An additional compartment would be added to the launch vehicle at an additional cost of $35 thousand. As an incentive to do both, the contracting company will pay for both launches plus a bonus of $0.8 million. Using a future worth analysis (FW) with a MARR of 13.00 percent/year, what should Calisto Launch Services do? What is the future worth of the first satellite? (Do all calculations to 5 decimal places and round final answer to nearest whole dollar. Tolerance is +/- 5.) Click here to access the TVM Factor Table Calculator By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor