Question # 02: Pakistan Motorways has just installed a new system to charge and keep record of toll fees. The government wants to have an idea of the total equivalent cost of all future costs incurred to install the new system. If the new system will be in place for unlimited time, you are required to calculate CC now and cost for every year henceforth. The system has an installed cost of $50,000 and an additional cost of $5,000 after 5 years. The annual M&O cost is $4,000 for the first 3 years and $6,000 thereafter. In addition, there is expected to be a recurring major upgrade cost of $12,000 every 10 years. Assume that i = 7% per year. (10 Marks)