Q2.3. Turik Electronics manufactures microprocessorbased soft starters that use thyristors for controlled reduced voltage during starting and stopping. The company is planning a production-line expansion that will cost $1.3 million. If the company uses a minimum attractive rate of return of 15% per year, what is the equivalent annual cost in years 1 through 5 of the investment? Q2.4. An arithmetic cash flow gradient series equals $500 in year 1,$600 in year 2 , and amounts increasing by $100 per year through year 9 . At i=10% per year, determine the present worth of the cash flow series in year 0