8. 3.62 Attendance at the annual Northwest Livestock Show and Rodeo declined for the 5-year period from 2016 through 2020. The attendance was 25,880 in 2016, 22,000 in 2017, and 13,500 in 2020, a 15% per year decrease. The average ticket price was $10 per person over the 5-

year period. The show management company president wants to know the equivalent worth in 2022, the next show year, at its MARR of 16%

per year compounded semiannually. The equivalent worth in 2022 is closest to:

1. $1,322,123 2. $672,260 3. $785,425 4. $1,346,070