PROBLEM 5. The NY Transport Authority has just installed new software to charge and track toll fees. The system has an installed cost of $150,000 and an additional cost of $50,000 after 10 years. The annual software maintenance contract cost is $5000 for the first 4 years and $8000 thereafter. In addition, there is expected to be a recurring major upgrade cost of $15,000 in the end of every 13 years. Assume that i = 5% per year for borrowed funds. The director wants to know the total future costs incurred to purchase the software system. If the new system will be used for the indefinite future, find the Capitalized Equivalent cost