You have a 20 year project that has an interest rate of 10% APR with semi-annual compounding. The income generated by the project is calculated monthly and starts at the start of the 3rd year. We esti

You have a 20 year project that has an interest rate of 10% APR with semi-annual compounding. The income generated by the project is calculated monthly and starts at the start of the 3rd year. We estimate revenues to start at $35,000/month and increase by $5,000 per month. The initial cost of the project is $450,000 incurred at time 1 (not 0) and annual costs are estimated to be $300,000/year and grow at 5% per year for the remainder of the project