Katie's project has a five-year term, a first cost, no salvage value, and annual savings of $22,000 at year 1 and then increasing $300 each year. After doing present worth and annual worth calculations with a 10 percent interest rate, Katie notices that the calculated annual worth for the project is exactly three times the present worth. What is the project's present worth and annual worth? Should Katie undertake the project?

Question 3. (15 points) Katie's project has a five-year term, a first cost, no salvage value, and annual savings of $22,000 at year 1 and then increasing $300 each year. After doing present worth and annual worth calculations with a 10 percent interest rate, Katie notices that the calculated annual worth for the project is exactly three times the present worth. What is the project's present worth and annual worth? Should Katie undertake the project