Q1) Relevant cash flow pattern fundamentals for each of the following projects, determine the relevant cash flows, classify the cash flow pattern, and depict the cash flows on a time line.

An asset that requires an initial investment of $2 million and will yield annual operating cash inflows of $300,000 for each of the next 10 years. Operating cash outlays will be $20,000 for each year except year 6, when an overhaul requiring an additional cash outlay of $500,000 will be required. The asset's liquidation value at the end of year 10 is expected to be $0.