1. An older bridge can utilize new components for an anchoring method which will reduce this year's maintenance costs by $15,000 (A1). The equipment is expected to last for ten years (N). If maintenance costs increase at an average of 8% per year and the interest rate is 15% (utili (a) Draw the CFD to represent this scenario. You must determine the first 3 cash-flow values and the last cash-flow on the CFD using Al(1+i)n format as shown in your textbook. (b) What is the maximum amount that could be justified for spending (Po) on the new components? (c) What is the uniform annual equivalent value (A) of maintenance costs over the eight-year period