For the following question, please show me how to obtain the given answer by calculating the Capital Recovery & Annual Worth successively in order to obtain the desired value for the Capital Cost for the given cash flows (assuming perpetual life, n=inf).

Thanks in advanced!!

The City of Olive Branch is exploring the possibility of building a multi-purpose facility which could be used for such events as basketball games, soccer games, rock concerts, razzlin' and tractor pulls. The initial cost of the facility would be $75 million dollars. Annual operating and maintenance costs would be $50,000 per year for the first 15 years; beginning in year 16 this cost will increase to $75,000 per year. The seats will be replaced at a cost of $500,000 every 10 years. The dressing rooms, rest rooms and concession areas will be remodeled every 5 years at a cost of $200,000. The income generated from the events held in the facility will amount to $7 million per year. Assuming a perpetual life determine the capitalized cost of the facility using an interest rate of 10% per year. ANSWER: CC =-$6,201,205