A manufacturer is considering a proposed (independent) capital investment in some equipment that has an initial investment of $850,000 and a useful life of six (6) years. Each year of the useful life, the investment will result in a net operating return (operating cost savings) of $188,000. At the end of six years, the equipment will no longer be needed and can be sold for an estimated $50,000. Ignore taxes for this problem. (a) Draw and label the cash flow diagram. Ignore taxes. [5 points] You do not have to submit a cash flow diagram for the homework, but you need to be ready to draw one like this on the exam. I also strongly recommend that you always draw the CFD to work these problems. (b) If the firm has a minimum attractive rate of return (MARR) of 10%, compute the net present value and indicate whether or not the investment should be made. Ignore taxes. [5 points] (c) Compute the payback period in years. Ignore taxes. [4 points]