$37.$ For a new process, the land was purchased for $\backslash (\backslash$$ $10\backslash )$ million. The fixed capital investment, paid at the end of year $0,$ is $\backslash (\backslash$$ $165\backslash )$ million. The working capital is $\backslash (\backslash$$ $15\backslash )$ million, and the salvage value is $\backslash (\backslash$$ $15\backslash )$ million. The estimated revenue from years $1$ through $10$ is $\backslash (\backslash$$ $70\backslash )$ million$/$y$,$ and the estimated cost of manufacture over the same time period is $\backslash (\backslash$$ $25\backslash )$ million$/$y$.$ The internal hurdle rate $($interest rate$)$ is $\backslash (14\backslash \%\backslash )$ p$.$a$.,$ before taxes, and the taxation rate is $\backslash (40\backslash \%\backslash ).1.$ Draw a discrete, nondiscounted $($before$-$tax$)$ cash flow diagram for this process. $2.$ Determine the yearly depreciation schedule using the five$-$year MACRS method. $3.$ Determine the after$-$tax profit for each year. $4.$ Determine the after$-$tax cash flow for each year. $5.$ Draw a discrete, discounted $($to year o$)$ cash flow diagram for this process. $6.$ Draw a cumulative, discounted $($to year o$)$ cash flow diagram for this process. $7.$ What is the present value $($year $0)$ of this process?