JaseTech produced a new product. The cost and return from the project are as follows: $3250 cost initially, $250 cost in years two and three, $200 in year four, and $75 in years six through eight. They had revenue of $7,000 in year eight.

a. Draw the cash flow diagram for the Ballpark method. (10) b. Determine the two initial interest rates from the Ballpark method. (10) c. Write the equation for the actual problem and determine the ROR using the trial and error method as outlined in the text. (This requires a completely manual solution. If you use some other method such as Excel, no points will be given)