3. Arithmetic and Geometric Gradients (5-points): Certified Industries manufactures pressure sensors for a variety of industrial applications. Its cost for the transducers used in manufacturing the sensors is currently $23,000. The company expects this cost to increase by 2% each year. Calculate the present worth of this cost over a five-year period at an interest rate of 10% per year. 4. I Arithmetic and Geometric Gradients (5-points): LILCO is evaluating over-speed control and detection systems