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PLEASE DRAW A CASH FLOW DIAGRAM AND THEN ANSWER! Improvements at a Harley-Davidson plant are estimated to be $7.8 million. Construction is expected to take

PLEASE DRAW A CASH FLOW DIAGRAM AND THEN ANSWER!

Improvements at a Harley-Davidson plant are estimated to be $7.8 million. Construction is expected to take 3 years. What is the future worth of the project in year 3 at an interest rate of 6% per year compounded quarterly, assuming the funds are allocated a) completely at time 0, and b) equally at the end of each year?

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