Wallowitz has a long$-$term consulting contract with an engineering company that will pay him $$75,000$ per year for the next seven $(7)$ years; the contract was negotiated in actual dollars. Inflation is estimated to be $3\mathrm{.}77\%$ per year for the next $2$ vears, but after that it is expected to be $5\mathrm{.}66\%$ per year for at least the next decade. Wallowitz requires a real

MARR of $6\%.$

$$What is the actual dollar amount of the total contract ignoring inflation and time value of money?

$$What is the present worth of the total contract ignoring inflation $($MARR$=6\%)?$

c$.$

What is the present worth of the total contract?