2. Chevron-Texaco expects receipts from a group of stripper wells (wells that produce less than 10 barrels per day) to decline according to an arithmetic gradient of $50,000 per year. This year's receipts are expected to be $280,000 (i.e., end of year 1), and the company expects the usefullife of the wells to be 5 years. (a) What is the amount of the cash flow in year 3, and (b) what is the equivalent uniform annual worth in years I through 5 of the in come from the wells at an interest rate of 12% per year