Draw a cash flow diagram depicting the net cash flows associated with the purchase, operation, and disposition of a synthetic rubber-blending machine. The cash flow components are shown below. Your CFD should have only one arrow at any given time period, reflecting the net of that period’s cash flows.

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At t 0 (now), purchase blender for $62,000. At t = 0, install at cost of $8,000. At t = 1, savings generated by blender is $10,000. At t = 1, maintenance costs are $800. Att = 2, savings generated by blender are $12,000. At t = 2, maintenance costs are $1,200. At t = 3, savings generated by blender is $18,000. At t = 3, maintenance costs are $1,600. At t = 4, 5, 6, 7, 8, 9, 10, savings generated are $24,000 and maintenance is $4,000. At 10, the blender is sold for $8,000. = At t = 10, blender removal costs are $1,600.