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Morris Glass Company has decided to invest funds for the next 5 years so that development of "smart" glass is well funded in the future. This type of new-technology glass uses electro- chrome coating to allow rapid adjustment to sun and dark in building glass, as well as assisting with interal heating and cooling cost reduction. The financial plan is to invest first, allow ap- preciation to occur, and then use the available funds in the future. All cash flow estimates are in $1000 units, and the interest rate expectation is 8% per year. Years 1 through 5: Invest $7000 in year 1, decreasing by $1000 per year through year 5. Years 6 through 10: No new investment and no withdrawals. Years 11 through 15: Withdraw $20,000 in year 11. decreasing 20 106/6421 Morris Glass Company has decided to invest funds for the next 5 years so that development of "smart" glass is well funded in the future. This type of new-technology glass uses electro- chrome coating to allow rapid adjustment to sun and dark in building glass, as well as assisting with interal heating and cooling cost reduction. The financial plan is to invest first, allow ap- preciation to occur, and then use the available funds in the future. All cash flow estimates are in $1000 units, and the interest rate expectation is 8% per year. Years 1 through 5: Invest $7000 in year 1, decreasing by $1000 per year through year 5. Years 6 through 10: No new investment and no withdrawals. Years 11 through 15: Withdraw $20,000 in year 11. decreasing 20 106/6421