2) 2 year prior to startup of the plant, the necessary land is purchased at a cost 300000 dollars. The construction starts after 1 year of land purchased. Although construction is finished before start up , the construction expenses continue until 2nd year of production. The payments for construction were done as 50000 dollars annually flowing continuously and uniformly. All the equipment cost is paid uniformly as 200000 dollars in 2 years before plant operation started. The rest of the capital was paid at the beginning of operation. The salvage value is 5000 dollars and the service life is 10 years. It desired to depreciate the purchased equipment by double declining method. Total annual income from the sales of benzalkonium chloride is 100000 dollars, all yearly expenses are 46000, the federal income tax is 10%. The concept of continuous interest compounding and continuous cash flow will be used. a) Determine cash position at the end of useful life of project at 13% interest rate...40 pts b) Determine net present worth based on the end of project... 15 pts 2) 2 year prior to startup of the plant, the necessary land is purchased at a cost 300000 dollars. The construction starts after 1 year of land purchased. Although construction is finished before start up , the construction expenses continue until 2nd year of production. The payments for construction were done as 50000 dollars annually flowing continuously and uniformly. All the equipment cost is paid uniformly as 200000 dollars in 2 years before plant operation started. The rest of the capital was paid at the beginning of operation. The salvage value is 5000 dollars and the service life is 10 years. It desired to depreciate the purchased equipment by double declining method. Total annual income from the sales of benzalkonium chloride is 100000 dollars, all yearly expenses are 46000, the federal income tax is 10%. The concept of continuous interest compounding and continuous cash flow will be used. a) Determine cash position at the end of useful life of project at 13% interest rate...40 pts b) Determine net present worth based on the end of project... 15 pts