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Manager of a computer company plans to spend on new hardware $1.0 million in the first...

Manager of a computer company plans to spend on new hardware $1.0 million in the first year with amounts decreasing by $0.3 million each year thereafter. Income of the company is expected to be $9.0 million the first year increasing by $0.6 million each year thereafter. Determine the annual worth over the years 1 through 5 of the companies net cash flow at annual interest rate of 10%.

(Note: Give you answer in millions of dollars with three decimal places and without the $ sign)

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Calculate the annual worth as follows:

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