Airport plans to build a newparallel taxiway on the north side of the airport beween runways.the purpose of building the taxiway is to reduce runway incursionsand make the airport safer. the total future cost of planning,design, and construction is expected to be $124 million, to befunded through 40% AIP grants, 20% PFC fees and 40% airport revenuebonds. the bonds will be pay 8% annual interest. as owner of theairport, they will create a sinking fund that is compoundedannually and pays an annual 6.5% interest, to retire the principalwhen it is due in 20 years time. what is the totasl annual sinkingfund and interest cost?