A design-build-operate engineering company in Texas that owns a sizable amount of land plans to lease the drilling rights (oil and gas only) to a mining and exploration company. The contract calls for the mining company to pay $20,000 per year for 20 years beginning 3 years from now (i.e., beginning at the end of year 3 and continuing through year 22) plus $10,000 six years from now and $15,000 sixteen years from now. Utilize engineering economy relations by hand and by spreadsheet to determine the five equivalent values listed below at 16% per year. 1. Total present worth PT in year 0 2. Future worth F in year 22 3. Annual series over all 22 years 4. Annual series over the first 10 years 5. Annual series over the last 12 years