Please do not use excell, or any software. Only use equations/formulas. Thank you.

[4 points) Dr. Ross Geller, a paleontologist at Museum of Prehistoric History, has discovered a Velociraptor fossil that will become an exhibit for the museum. The fossil requires significant investment each year to keep the exhibit operational and historically accurate. Ross is very excited about this exhibit but is concerned about its financial viability. The exhibit will cost $975,000 to excavate, purchase, transport, and install over the course of the next year (all will be purchased today). Further, the exhibit and its functional elements will require maintenance to make sure they remain in good working condition over their estimated 60 year life. Based upon prior experience he expects that the exhibit will require significant maintenance every 12 years, which will cost $145,000 for each maintenance event. Note: assume that the cost of the maintenance will always be $145,000, regardless of the year in which the maintenance occurs. The museum also anticipates that a one-time upgrade to the mechanical system will be required at the end of the 16th year due to weathering and fossil aging. This upgrade will cost $62,500. Finally, Dr. Geller and his team anticipate annual operating costs will be $50,000 for the next 8 years (starting at the end of year 1) and then $80,000 every year thereafter. Thanks to being a historic attraction the fossil will generate some revenue each year that can be used to offset the costs of exhibit and operating costs. How much revenue will the Velociraptor fossil need to generate each year in order to completely offset the costs of this project? Hint: to answer this question you will need to calculate PW(i), CE(i) and A. Assume that the interest rate is 6% per year