please help me solve this step by step. please show a cash flow diagram to better understand this. will rate.

4. Some studies have shown that taller men tend to earn higher salaries than equally qualified men of shorter stature. Clyde's parents wanted him to be 3 inches taller, so they paid for growth hormone treatments for 3 years (at a cost of $50,000 per year) beginning on their son's 8 th birthday. How much extra money would Clyde have to earn per year from his 26 th through 60 th birthdays (a total of 35 years) in order to justify their expenditure? Assume the time value of money is 8% per year? (HINT: You can think of this problem in the same terms as Taco Truck Example 1 in the course notes. In that example, we asked how much Guillermo has to make every year to recoup his $30,000 investment. In this problem, we're asking how much more Clyde must make every year to recoup his parents' investment in hormone treatments. The difference is that Clyde's parents' investment is spread over 3 years and is made many years before Clyde starts "paying them back" with his inereased income.) 4. Some studies have shown that taller men tend to earn higher salaries than equally qualified men of shorter stature. Clyde's parents wanted him to be 3 inches taller, so they paid for growth hormone treatments for 3 years (at a cost of $50,000 per year) beginning on their son's 8 th birthday. How much extra money would Clyde have to earn per year from his 26 th through 60 th birthdays (a total of 35 years) in order to justify their expenditure? Assume the time value of money is 8% per year? (HINT: You can think of this problem in the same terms as Taco Truck Example 1 in the course notes. In that example, we asked how much Guillermo has to make every year to recoup his $30,000 investment. In this problem, we're asking how much more Clyde must make every year to recoup his parents' investment in hormone treatments. The difference is that Clyde's parents' investment is spread over 3 years and is made many years before Clyde starts "paying them back" with his inereased income.)