Saltine Chemical Inc. plan to build a chemical plant in Nassau, Bahamas, for the production of Iodized Salt and other industrial based salts. Saltine will spend $0.05 billion in constructing the plant at the onset and $835000 in annual maintenance and operating cost for the subsequent years of operation. A complete overhaul of the plant will be carrying out at the end of year 4 and 9 at an extra cost of $152000 and $148200 respectively. Saltine intends to run the project for 12 years before they sell the plant to an indigenous chemical company at a salvage price calculated based on the following equation: Salvage Initial cost (1-0.11)" , where n is the number of years of operation. te of 10% per year; a) Determine the engineering economy symbols and their value for each option. b) Draw the Cash flow diagram for the estimates c) Calculate the Present worth of the project Hints: Compound Interest Formula C.1 = Principal (1 + i)"-Principal SI = Principal x Time period x Rate