10. 10.32 The company you work for signed a contract to control access to company grounds and corporate offices. The contract was for $140,000 the first year, renewable each year for up to a total of 5 years at the same cost, plus a percentage increase equal to the inflation rate for the preceding year. Your boss asked you to calculate the expected cost in the 5th year. Assuming the inflation rate is 3% for the next 3 years and 5% for the fourth, what is your estimate?