ou are evaluat ing the profitability potential of a process and have the following information. The criterion for profitability is a l 5% rate of return over ten operating years. The equipment has zero salvage value at the end of the project Fixed cap ital investment (including land) in four installments (all values are in millions of dollars as one transaction at the end of the y ear): Year 0 land Year 1 FCI installment 1 Year 2 FCI installment 2 Year 3 FCI installment 3 $10 $20 $30 $20 $10 Start-up capital at end of year 3 Positive cash flow vears 4-13 a Draw a discrete, discounted cash flow diagram for this process b. Draw a cumulative, discounted cash flow diagam for this process. c. What is the present valuc (at end of year 0) for this process? d. What is the future value at the end of y car 13? e What would the effective annual interest rate have to be so that the present value end of year 0) of this invest ment is zero? (This interest rate is known as the DCFROR, and it will be discussed im the next chapter.) f What is your recommendat ion regarding this procss? Exp lain nine y ears? 34 What are the M ACRS depreciation allow anes for recovery periods of four six and