Modern Chips is a manufacturer of prototype chips based in Dublin, Ireland. Next year, in 2021, Modern Chips expects to deliver 575 prototype chips at an average price of $105,000. Modern Chips' marketing vice president forecasts growth of 45 prototype chips per year through 2027. That is, demand will be 575 in 2021, 620 in 2022, 665 in 2023, and so on. (Click the icon to view additional information.) The following data on the two options are available: (Click the icon to view the data on the two options available and additional information.) Present Value of $1 table Present Value of Annuity of $1 table Future Value of $1 table Future Value of Annuity of $1 table Read the requirements not enter a zero.) Units Net cash Initial Year sold contributions investments Jan 1, 2021 $ (36,800,000) Proceeds from sale of equipment Dec 31, 2021 575 $ 11,212,500 Dec 31, 2022 620 12,090,000 Dec 31, 2023 665 12,967,500 Dec 31, 2024 710 13,845,000 Dec 31, 2025 755 14,722,500 Dec 31, 2026 800 15,600,000 Dec 31, 2027 845 16,477,500 6,400,000