please show work and answer q6

Example 6: Company XYZ needs to buy a new $55,000 machine. The seller gives the company two options for the payment: a) Paying the full price with a 2.88% discount. b) Paying 6 payments; $10,000 now, $15,000 at the end of year one, and $7,500 at the end of each of the next four years. For each option, draw a cash flow diagram