4: Yanbu Company Limited for Steel is expecting to gain a profit of $700,000 each year for 10 years. The profit will total $24,000,000 by the end of year 10. If the profits increase uniformly over the 10-year period, determine the following: (a) The expected increase in profits each year (b) The profit 5 years from now (c) The equivalent present worth of the profits at an interest rate of 8% per year