Innovative Technologies, a growing machine shop, wishes to set aside money now to invest over the next four years in automating its customer service department. The company can earn 10% on a lump sum deposited now, and it wishes to withdraw the money in the following increments: - Year 1: $25,000 to purchase a computer and database software designed for customer service use; - Year 2: $3,000 to purchase additional hardware to accommodate anticipated growth in the use of the system - Year 3: No expenses - Year 4: $5,000 to purchase software upgrades How much money must be deposited now in order to cover the anticipated payments over the next four years? (Please show detailed calculations for full credit)