BAS Companies would like to construct and operate a new gaming facility. In addition to the capital expenditures on the facility, management estimates that the project will require an investment today of $175,000 in net working capital. The firm will recover the investment in net working capital fifteen years from today, when management anticipates closing the facility. The discount rate for this type of cash flow is 8% per year. Calculate the present value of the cost of working capital for the ice skating rink