A chemical company determined the need for a chemical additive that will improve their product by 20%. The company's CEO arranged to purchase the additive through a 5-year contract at $7,000 per year, starting 1 year from now. He expect the annual price to increase by 12% per year starting in the through year 13. Additionally an initial investment ofs 15% per year to determine the prepare a site suitable for the contractor to deliver the additive. Use equivalent total present worth for all these cash flows.