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Federal facilities associated with an international port of entry at Tornillo, TX are expected to cost dollar 5 4 million. A six - lane, 1

Federal facilities associated with an international port of entry at Tornillo, TX are expected to cost dollar 54 million. A six-lane, 1274-foot-long bridge is expected to cost dollar 14 million Land and inspection facilities, offices, and parking will add another dollar 10 million to the cost. Construction is expected to take three years. Assuming that all of the funds are allocated at time 0, what is the future worth of the project in year 3 at an interest rate of 6 percentage per year compounded quarterly?

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