c) You are an engineer working for the city of Seoul. You have estimated the annual toll revenues from a newly proposed highway construction over 25 years as follows: An= ($2,500,000)(n)(1.08)-! n=1, 2, ..., 25 To validate the bond, you were asked to provide the estimated total present value of the toll revenue at an interest rate of 8%. Assuming annual compounding, calculate the present value of the estimated toll