Wiley Coyote plans to invest in the Catch RR project. He expects the project to be a perpetually long project. His investment plan is shown in the table below. At a 2% interest rate, how much money should Wiley Coyote set aside now in order to sustain this perpetual project?

Amount Year incurred Initial Cost $300,000 Year o One time upgrade cost $120,000 Year 10 Annual Operation and Maintenance $1,500 Every year forever Major Maintenance Costs $10,000 First in year 12, then every 12 years Question 6 Part B: Provide the Present Value of all Recurring Costs. Enter your answers in the form: 123456