A company is projecting expected annual costs over the years 2021-2038. They assume costs $25million due at the end of 2021 increasing by 2.75% each year thereafter.

4) A company is projecting expected annual costs over the years 2021-2038. They assume costs of $25 million due at the end of 2021 increasing by 2.75% each year thereafter. a) Find the present value on December 31, 2020. b) Find the present value if the costs are assumed to be due on October 1 of each year. c) Find the present value if the payments are made continuously through each year and increase every January 1. (5 points) 4) A company is projecting expected annual costs over the years 2021-2038. They assume costs of $25 million due at the end of 2021 increasing by 2.75% each year thereafter. a) Find the present value on December 31, 2020. b) Find the present value if the costs are assumed to be due on October 1 of each year. c) Find the present value if the payments are made continuously through each year and increase every January 1. (5 points)