The following table shows the cash transactions in constant dollars of 2020) of a house remodeling project by a general contractor. The market interest rate is estimated to 12.2% APR compounded annually. The general inflation rate is expected to be 2% per year. Determine the present worth (at the beginning of 2020) of the project. [Show all factor notations involved in the calculation.] Year 2020 2021 2022 2023 Cash ($) 50,000 - 10,000 - 10,000 - 10,000