At a recent meeting, county officials estimated that an initial deposit of $1,000,000 will be made at the end of the first year into an account designated for urban park upgrades. They project that these deposits will increase by $150,000 annually for the next 7 years (total of 8 deposits, including the initial one), and then no further contributions will be made. i. What is the equivalent present worth of these deposits if the public funds earn 6% per year? ii. What is the equivalent uniform annual series of these deposits over the 8-year period?