The market volume for widgets is increasing by 15% per year from current profits of $300,000. Investing in a design change will allow the profit per widget to stay steady; otherwise profits will drop...

The market volume for widgets is increasing by 15% per year from current profits of $300,000. Investing in a design change will allow the profit per widget to stay steady; otherwise profits will drop 3% per year. What is the present worth of the design change over the next 5 years? Ten years? The interest rate is 9%.