PROBLEMS 1 An oil field transfer pump having a useful life of five years is purchased for $1,000. The pump will generate an incremental $1,500 in the first year. However the revenue will decrease $100 per year in each of the.next four years. Operating costs will be $500 in the first year but will increase $100 per year in each of the following four years a. Calculate financial net income before income taxes for each year using straight line depreciation (no salvage value). b. Prepare a net cash flow analysis for this investment. Draw the cash flow diagram