A company spends $50,000 ($50k) at the beginning of each year for 2 years (i.e. end of years 0 and 1) renovating a manufacturing facility to increase production. Beginning after year 2, the facility is expected to provide additional revenues of $55,000 ($55k) at the end of each year for the next 3 years. The company's MARR is 12%. a. Sketch a cash flow diagram for the project. b. What is the equivalent worth of the project at the end of year 2