A local sports franchise playing in a major league has great plans for Alberta. By taking advantage of an economic exuberance era, it has requested construction firms to submit proposals for th construction of a brand-new stadium. In fact, three construction bids have been received for that endeavor. The following information is provided below. Interest Rate (APR) Proposed Construction Bids Construction Schedule (End-of-Period Months 1 to 10 Month 11 Month 12 Months 13 to 26 Months 27 to 36 3.25% Values) $ 12,565,500 $ 24,657,750 $ SSS $ 1 $ compounded weekly 2 $11,364,380 $ $20,650,400 $ 37,750,960 $ 34,650,780 $ 39,504,000 $47,840,640 $ 12,565,900 $3,565,450 $ 3 13,740,350 10,450,740 32,645,500 40,650,980 13,880,450

16. In light of the information above, compute the present value of the three construction bids. 1c. Which construction bid should be chosen? \begin{tabular}{|c|c|c|c|c|c|} \hline Interest Rate (APR) & \multicolumn{2}{|c|}{125K} & \multicolumn{2}{|c|}{ compounded weekly. } & \\ \hline Proposed Conutruction Bid & & 1 & 2 & & 3 \\ \hline \multicolumn{6}{|c|}{ Construction Schedule (End-of-Period Values) } \\ \hline Monthe 1 to 10 & s & 12,565,500 & 511,364,380 & $ & 13,740,350 \\ \hline Month 11 & 5 & 24,657,750 & 520,650,400 & s & 10,450,740 \\ \hline Month 12 & 5 & 37,750,960 & 534,650,780 & 5 & 32,645,500 \\ \hline Mooths 13 to 26 & 5 & 39,504,000 & 547,840,640 & s & 40,650,900 \\ \hline Monthis 27 to 36 & 5 & 12,565,900 & 53,565,450 & s & 13,880,450 \\ \hline \end{tabular}