A municipality is planning to construct a water treatment plant at an initial cost of $3 million. Due to the need to remove sludge, make minor repairs, and perform general clean-up operations, annual costs of operating the water treatment plant are estimated to be $50,000 the first year after installation, with each successive annual operating cost being $10,000 greater than the previous year's operating cost. Every five years, major repairs and clean-up will be required at a cost of $200.000. This will "reset" the annual operating costs to be again $50.000 in the next year and increase by $10,000 each year until the next major maintenance cycle. a. (3 points) Draw the cash flow diagram for one 5-year cycle. b. (7 points) Based on a 4% time value of money. what is the capitalized cost for the water treatment plant