Swanson Brothers, Inc. is putting together a bid for a multi-year state project. The project will have a lifespan of 11 years. If successful, the state will pay Swanson $118,213 at the end of each year, increasing the payment by $30,554 each subsequent year. The project will have expenses of $35,224 per year. Part way through the project, Swanson will need to rent some special equipment at a cost of $3,392 per year, with the cost decreasing by 12% each subsequent year. Swanson will make the first payment on the special equipment at the end of year 5 and will need the equipment through the end of year 11. If Swanson remains on schedule, the company will receive a bonus of $96,875 at the end of year 5. (Swanson plans on remaining on schedule.) Calculate the present worth of the project using an interest rate of 1% compounded yearly. Notes: The first payment and the first year of expenses will occur at the end of year 1 Be sure to count the years carefully when calculating the years for the cost of renting the special equipment. Enter your answer as: 1234 Round your answer. Do not use a dollar sign ("$"), any commas ("") or a decimal point (""). Swanson Brothers, Inc. is putting together a bid for a multi-year state project. The project will have a lifespan of 11 years. If successful, the state will pay Swanson $118,213 at the end of each year, increasing the payment by $30,554 each subsequent year. The project will have expenses of $35,224 per year. Part way through the project, Swanson will need to rent some special equipment at a cost of $3,392 per year, with the cost decreasing by 12% each subsequent year. Swanson will make the first payment on the special equipment at the end of year 5 and will need the equipment through the end of year 11. If Swanson remains on schedule, the company will receive a bonus of $96,875 at the end of year 5. (Swanson plans on remaining on schedule.) Calculate the present worth of the project using an interest rate of 1% compounded yearly. Notes: The first payment and the first year of expenses will occur at the end of year 1 Be sure to count the years carefully when calculating the years for the cost of renting the special equipment. Enter your answer as: 1234 Round your answer. Do not use a dollar sign ("$"), any commas ("") or a decimal point ("")