El paso water is planning to install wind turbines to provide enhanced evaporation of reverse osmo- sis concentrate from its inland desalting plant. the company will spend $1.5 million in year 1 and $2 million in year 2. annual maintenance is expected to cost $65,000 per year through year 10. deter- mine the equivalent annual cost of the project in years 1 through 10 at an interest rate of 6% per year. also, develop a single-cell spreadsheet func- tion to display the total a value.

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business.identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats.implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the