A start-up intemet service provider expects to lose money in each of the first four years. Losses are projected to be $50 million in year one, $40 million in year two, $30 million in year three and S5 million in year four An interest rate of 10% per year is used In order to recover the losses by the end of year nine, the company's equivalent uniform annual profit in years five through nine must be nearest to Note: Excel may be used $25,631,000 $36,922,000 $44,288,000 $51,369,000