8 Micawber Chemical is considering opening a new product line. The line will require an up-front expenditure of $200,000, it is expected to yield cash revenues of $15,000 at the end of the first year and $80,000 at the end of each of years 2, 3, and 4 Sales of the product are expected to yield only $50,000 at the end of year 5 after which point it will be retired a. Draw the financial timeline depicting the predicted cash flows for this investment Be sure to label both cash inflows and cash outflows b Draw arrows on your timeline to show how compounding could be used to find the future value of the investment at the end of year 5 Now draw a second set of arrows on the same timeline to show how discounting could be used to find the present value (at time o) of each predicted cash flow d Of the two approaches in items b. and which do you think would be most useful to help Micawber decide whether to pursue this investment? Why