Standby power for water utility pumps and other electrical devices is provided by diesel-powered generators. as an alternative, the utility can use natural gas to power the generators, but it will be a few years before the gas is available at remote sites. the utility estimates that by switching to gas, it will save $22,000 per year, starting 3 years from now. at an interest rate of 8% per year, determine the present worth in year 0 of the projected savings that will occur in years 3 through 10.