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 years 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. A. Draw a cash flow diagram for this project B. What is the present value of the project? please show all work and write clearly and note formulas used. I am really trying to learn how to do this problem and understand it better. This problem is from an Engineering Economics class 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 years 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. A. Draw a cash flow diagram for this project B. What is the present value of the project? please show all work and write clearly and note formulas used. I am really trying to learn how to do this problem and understand it better. This problem is from an Engineering Economics class