A manufacturing company is considering a factory floor expansion to increase production of a popular product. The new floor space will be used to produce 7500 more units each year. The operation and maintenance costs for the new space are $280,000 each year. The project will have a design life of 9 years. After production ends, the space can be re-tasked for another product; as a result, the floor space is expected to have a salvage value of $1,200,000. The company will use a 3.2% annual interest rate for analysis of this project. The cost to build the factory floor expansion is $3,500,000. However, the company must borrow this money for construction. To obtain the best possible financing, the company will borrow the money from the companys overfunded pension plan. The company will repay the pension fund with equal annual payments over the design life (i.e., nine annual payments). The annual interest rate for this loan is 5.2% (compounded annually). a) Determine the annual payments required to repay the loan from the companys pension plan. b) Determine the equivalent (uniform) annual cost for the factory floor expansion product. Draw a cash flow diagram that depicts all the system costs. (Hint: The capital cost of the system is not a single lump sum; it is the series of annual payments made to repay the loan). c) Determine the minimum profit the company must make on each extra unit produced in the new floor space in order for the factory floor expansion project to break even.