A natural gas well is projected to produce $202,000 in profit during its first year of operation, $193,000 the second year, $184,000 the third year, and so on, continuing this pattern. If the well is expected to produce for a total of 10 years, and the effective annual interest rate is 11.5%, which of the following most closely represents the present worth of the well? $1,403,000 $977,000 O$1,148,000 $1,665,000