A rotary engine powers a vertical takeoff and landing (VTOL) personal aircraft known as the Moller Skycar M400. It is a flying car known as a personal air vehicle (PAV), and it is expected to make its first untethered flight in 2020. The PAV has been under development for 21 years at a total cost of $120 million. Assuming the $120 million was spent in year an equal amount each year, determine the future worth at the end of the 21-year period at an interest rate of 9% per year. The future worth is $ .