A Canadian city approved building Rapid Transit (ION) to provide greater transportation choice for residents. Here are some estimates of cash flows, and other information, for the plan. • First cost...

Extracted text: A Canadian city approved building Rapid Transit (ION) to provide greater transportation choice for residents. Here are some estimates of cash flows, and other information, for the plan. • First cost in year 0: $816,000,000 • Annual operating cost: $7,000,000 in year 1, increasing by 2% per year Major technology upgrades: $18,000,000 every five years, starting seven years from now • MARR = 16.71% • Number of passengers per year = 12,000,000 use per year (120,000 passengers using it on average for 100 times per year). Calculate the levelized cost for each ticket. The levelized cost for each ticket is $ (Round to the nearest cent as needed.)