Given the cash flow and for the interest rate of 15% compounded annually, perform the following steps: (a) Using table, calculate the worth of project, as it is, at the end of year 13. (b) Calculate the equivalent annual series between years 3 and 10 for the entire project. (Hint: you can use the value calculated in part (a). DO NOT USE EXCEL FOR CALCULATIONS - SHOW YOUR WORK. PW is present worth and FW is future worth.

$5 $2 PW 0 1 2 3 4 55 7 8 9 0 112 13 14 15 16 17 18 19 20 FW $2 $2 $4