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CE 5403 Assign 10 The pavement condition and miles of a road system are as given below Miles PC 100 9 50 7 50 6 25 5 10 4 5 3 5 2 2 1 Assume the performance curve is described by the equation PC 9.5 0.3T And the condition, action and reset values are given below Current rating Recommended action Reset value 10 none x 9 none x 8 none x 7 none x 6 none x 5 sealcoat 8 4 overlay 9 3 mill & overlay 9 2 reconstruct 10 1 rebuild 10 $Cost/Mi 0 0 0 0 0 6300 60000 150000 200000 250000 What is the average PC value after five years and what is the present worth of the improvements assuming the interest rate is 5 %