QUESTION 3 (20 MARKS) The estimated expenditure and income cash flows for constructing a luxury boat jetty are listed below: Expenditure: First and infrastructure costs =RM1,500,000 Annual operating cost =RM60,000 (starting first year until end of jetty life) Maintenance cost every 12 years = RM 200,000 (until end of jetty life) Income: Annual income =RMX (starting end of year 3 until end of jetty life). The income increases linearly by RM 3000 per year starting year 4 until year 10 . After year 10 , the income becomes constant forever. Jetty life = infinity a) Construct a cash flow diagram to show the income and expenditure for the above project. (4 marks) b) Determine the minimum amount of yearly income (X) to be generated in order to recover all the total expenditure? Assume the growth rate is 12.5% per year. (16 marks)