Based on the estimated costs provided in the contract, the total value of the contract can be estimated as follows: - 1-year warranty: $6,995 - Cleaning fee: $500 - Telephone Support: assuming an average of 2 support calls per month, with 15 minutes per call, the total support cost per year would be $900 (2 calls/month * 12 months * $37.50/15 minutes) - On-Site Visit: assuming an average of 2 visits per year, with the first full day costing $995 and subsequent hours costing $150/hour, the total visit cost per year would be $2,190 (2 visits * ($995 + $150 * 8 hours)) - Travel expenses: assuming an average of 2 visits per year, with travel expenses costing $1,000 per visit, the total travel cost per year would be $2,000 - Inspections: assuming an average of 2 inspections per year, with each inspection costing $3,995, the total inspection cost per year would be $7,990 The total estimated value of the contract for the initial 1-year term would be $22,575 ($6,995 + $500 + $900 + $2,190 + $2,000 + $7,990). Considering the contract is renewable for up to 4 additional 1-year terms, the total estimated value of the contract over 5 years would be $112,875 ($22,575 * 5).