The property appraisal district for Marin County has just installed new software to track residential market values for property tax computations. The manager wants to know the total equivalent cost of all future costs incurred if the new system will be used for the indefinite future. The system has an installed cost of $200000 to be paid one year from now and additional costs of $50000 4 years from now. The annual software maintenance contract cost is $8000 for the first 3 years and $4000 thereafter. In addition, there is expected to be a recurring major upgrade cost of $10000 every 6 years. Assume that i=9% per year for county funds. a) Find the equivalent value now. Draw the cash flows Diagram: Find the present worth of the nonrecurring costs (CC): Find the equivalent uniform annual worth through one life cycle of all recurring amounts: A1: Calculate the Capitalized cost (CC2) equivalent to "A1": (if you don't have the value of A1, assume that A1 = $1329,2) Calculate the Capitalized cost for two annual maintenance cost series (CC3): Calculate the total Capitalized cost (CCT) of the three calculated CC values: b) Find the equivalent value for each year hereafter. . The property appraisal district for Marin County has just installed new software to track residential market values for property tax computations. The manager wants to know the total equivalent cost of all future costs incurred if the new system will be used for the indefinite future. The system has an installed cost of $200000 to be paid one year from now and additional costs of $50000 4 years from now. The annual software maintenance contract cost is $8000 for the first 3 years and $4000 thereafter. In addition, there is expected to be a recurring major upgrade cost of $10000 every 6 years. Assume that i=9% per year for county funds. a) Find the equivalent value now. Draw the cash flows Diagram: Find the present worth of the nonrecurring costs (CC): Find the equivalent uniform annual worth through one life cycle of all recurring amounts: A1: Calculate the Capitalized cost (CC2) equivalent to "A1": (if you don't have the value of A1, assume that A1 = $1329,2) Calculate the Capitalized cost for two annual maintenance cost series (CC3): Calculate the total Capitalized cost (CCT) of the three calculated CC values: b) Find the equivalent value for each year hereafter