need help on one question please

2) (30 points) You are a representative for a town's environmental agency. There is a lot with contaminated soil on it that you would like to convert to a park. Before you can convert the land to a park, you need to do some remediation to the soil. You think that if you wait, contamination is going to get worse. However, you heard from an industry friend that in 5 years new technology will make cleaning up the You have three options for when you could recommend the town takes on this cost. a. Today (t=0) it will cost the town $5000 to clean up b. 2 years from now (t=2)it will cost the town $7500 in the future to clean up C. 5 years from now (t-5) --it will cost the town $5500 in the future to clean up Do not consider the benefits accruing from enjoyment of the park. Assume that you are only concerned with present value costs to the town. The town wants to profit maximize and spend the least amount of money cleaning up the land. Assume an interest/discount rate of 5%. For simplicity and consistency, round to three decimals through your calculations