neat fashion. Complete one problem per sheet in pendi only. Show all your calculations. 1. Christian Brothers University has announced plans for a new engineering laboratory building. The three-story structure will house new packaging engineering labs, additive manufacturing labs, the Surface Water Institute and additional computer labs. Dick Gadomski, Chairman of the Advisory Board for the School of Engineering has pledged $3.25M to get the capital campaign off the ground and running. The $3.25M from Mr. Gadomski was placed in a CBU fund that earns interest at 6% per year in 2015. Construction is expected to begin in 2021 and will be finished in 2027. The construction cost is expected to be $2.75M in 2021 and will increase by $200,000 per year thereafter until the project is completed. The capital campaign for the general public will begin this year in 2020 and will continue until 2027. Compute the amount of money per year that CBU's Development Office will have to raise in order to finance construction of the new Gadomski School of Engineering Laboratory Building. 2. In the near future it is expected that companion Robots will be used for lawn care, pool maintenance, floor cleaning, and other household tasks and, a new generation of humanized robots that will answer questions, control home electronics systems and take care of routine physical tasks will be common in most households. Aramark wants to purchase a new Companion Robot to help with cleaning the Nolan Engineering Center. The initial cost of the robot is $180,000. Aramark will have to finance the robot over a five-year period at an interest rate of 8% per year. A 20% down payment will be required by the loan. Compute the down payment, amount financed and the yearly finance payment for the loan. The estimated salvage value of the robot is 10% of the initial cost. The operating and maintenance cost of the robot is expected to be $3,500 in the third year of operation with increasing costs of $500 per year thereafter throughout the remaining life of the robot. Annual savings realized by the purchase of the robot is expected to decrease at a rate of 3% per year. The service life of the robot will be twelve years. Compute the amount of annual savings required in the first year if Aramark wants to break-even on their investment after twelve years. Assume Aramark will use a MARR of 6% per year