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Problem 5. ProEngineers needs to submit a bid to install boilers for several refineries. The boilers will need to be installed according to the schedule

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Problem 5. ProEngineers needs to submit a bid to install boilers for several refineries. The boilers will need to be installed according to the schedule below. Each boiler has a manufacturing and installation cost of $10,000 now. ProEngineers engineering department estimates the inflation will be about 8%/year for years 2022 through 2024 and 4% for years 2025 through 2028. Assuming the $10,000 cost per boiler includes profits, calculate the amount that the company needs to charge for the boilers installed each year. End of Year Bill for Installing Boilers 2022 2023 2024 2025 2026 2027 2028

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