Consider the plan for a new exhibit and convention center. The costs are given as follows: Initial costs of$40 million with an expansion costing $8 million 10 years from now. Annual operating cost is $250,000per year. Net revenue expectation is as follows: $190,000 the first year increasing by $20,000 per yearfor 4 additional years and then staying constant until year 10; $350,000 in year 11 and through thefollowing years over an indefinite period. Find the PW for this project at MARR=6%.

Question 3 (20 points) Consider the plan for a new exhibit and convention center. The costs are given as follows: Initial costs of $40 million with an expansion costing $8 million 10 years from now. Annual operating cost is $250,000 per year. Net revenue expectation is as follows: $190,000 the first year increasing by $20,000 per year for 4 additional years and then staying constant until year 10; $350,000 in year 11 and through the following years over an indefinite period. Find the PW for this project at MARR=6%.