The CRD is considering installing some new equipment at the water treatment plant that will decrease chemical costs and improve the efficiency of the process. The equipment costs $185,000 but is estimated to save a total of $18,000 per year (starting in Year 1) in chemicals. The equipment is expected to last 10 years. At the end of 10 years the machine can be sold for $20,000 a. Draw the cash flow diagram. Scan it and submit it to the dropbox under assignments. Enter your answers below as indicated. b. Given an interest rate of 3%, what is the NPV of the equipment? A C. Is this a good investment