A project will require an initial $150,000 investment in equipment. An additional $50,000 for R&D supplies will be needed in the first and second year of the project. After that, the sales for the new technology are expected to be $20,000 in year 3 and grow by $2000 per year until the project ends in year 20

.......use 9% in the question .......we are using the % charts to calculate ......

a) Draw a cash flow diagram for this project.

b) What is the present value of the project?