For a new process, the land was purchased for $10 million. The fixed capital investment, paid at the end of year 0, is $165 million. The working capital is $15 million, and the salvage value is $15 million. The estimated revenue from years 1 through 10 is $70 million/ year, and the estimated cost of manufacture over the same time period is $25 million/year. The internal hurdle rate (interest rate) is 14% p.a., before taxes, and the taxation rate is 40%.

Draw a discrete, nondiscounted cash flow diagram for this process.