CMGT 457 Assignment #1-Hardcopy Portion 3. Costs for construction of a section of rural highway are shown below. Use a 20-year analysis period with a 12% annual interest rate. Initial Cost: $7,000,000 Annual Maintenance for the first 10 years: $45,000 Annual Maintenance for the second 10 years: $65,000 Major Maintenance in the 10h year: $250,000 Salvage Value: $3,000,000 Major maintenance will not be performed in the 20h year. Please answer the following three items: (a) Draw a Cash Flow Diagram that accurately represents the analysis period