Ignore the question at bottom only neee d the chart filled out and PV solved for Short Answer

(3) Jefferson City has decided to build a downtown parking garage to house the city's employee vehicles. Since the city has to demolish several build- ings on the site, the project will take five years to complete. The city expects to save $35,000 a year in parking vouchers once the project is com- pleted. Using a 5 percent discount rate, determine the present value (PV) of the $35,000 savings at the end of the five-year period (see appendix 6A). 3. Present Value Short Answer PV = FV / (IR + 1)5 PV= - Long Answer . 0 Year Savings D.R. PV 1 1 2 2 3 3 14 4 15 5 16 17 PV= 18 19 The Present Value of the $35,000 savings at the end of the five year period is 77979 20