48 The table below provides the monetized impacts and timings for a proposed hydroelectric dam. [7 marks] Monetized Value ($ Impact Timing millions) Construction [COST] Immediate (t=0) Annual (t=1 to Operations and maintenance [COST] 2.9 t=25) Horizon value [BENEFIT] 23 End of life (t=25) Reduced cost of electricity provision Annual (t=1 to 4.1 [BENEFIT] t=25) Annual (t=1 to Reduced emissions [BENEFIT] 2 (grows @ 2% per year) t=25) The public sector discount rate is 10% per annum. Calculate the present value of all the costs of this policy. Report your answer as an absolute value and rounded the nearest whole number