The private firm TranspCom needs to invest $300 million to a freeway construction and management project on year 2, and $50 million less than previous year each year from year 3 through year 6. What...

The private firm TranspCom needs to invest $300 million to a freeway construction and management project on year 2, and $50 million less than previous year each year from year 3 through year 6. What is the present worth of all these potential investments? (Suppose the annual rate of return is 12%)