In Problem 102, with an interest rate of 6 percent, what increasing gradient series is equivalent to the cash flow profile shown if the gradient series sought has a value of X at EOY = 1 and a value of 8X at EOY = 8?

Data from problem 102

Consider the following cash flow profile:

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EOY Cash Flow EOY Cash Flow EOY Cash Flow 0 -$50,000 3 +$11,000 6 +$8,000 1 +$13,000 4 +$10,000 7 +$7,000 2 +$12,000 5 +$9,000 8 +$6,000