A telephone company is considering building a new automated switching distribution substation (two-stages installment) with a useful life of 20 years to support new suburban developments. The substation is located in a state in which the combined tax rate is 40%, and the telephone company uses a 15% real interest MARR to assess capital investment projects. Estimated revenues and costs are as follows: Category Building initial cost Amount $1,800,000 Building salvage cost $200,000 Equipment initial cost $775,000 Equipment second cost year 2 $150,000 Equipment salvage value $34,000 Annual revenues Revenue arithmetic gradient $740,000 year 1 Annual revenues $30,000 years 2 to 5 $890,000 years 6 to 10 Annual operating expenses $925,000 years 11 to 15 $960,000 years 16 to 20 $185,000 first 10 years $240,000, years 11 to 15 $290,000, years 16 to 20 1 year The substation will be put into service on the first day of the telephone company's fiscal y and will be disposed in December. Using MACRS depreciation, what will be the telephone company's after tax equivalent uniform annual worth for the substation?