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Question 6 (5 points) A project requires $180,000 as first cost (investment). Three scenarios were identified, and the following table presents the values of the project key parameters associated with these scenarios:

Key project parameters Scenario 1 Scenario 2 Scenario 3 Net annual savings, $$ 20,000 25,000 30,000 Depreciation rate, % 6 4 2 Service life, years 5 7 10 Probabilities of the first two scenarios are 0.5 and 0.5 respectively. Calculate the expected value of the project's annual worth if market interest rate is 5.5%

(Note: Round your answer to 2 decimal places and do not use the $ sign in your answer)