Chevron-Texaco expects receipts from a group of stripper wells (wells that produce less than 10 barrels per day) to decline according to an arithmetic gradient of $50,000 per year. This year’s receipts are expected to be$280,000 (i.e., end of year 1), and the company expects the useful life of thewells to be 5 years. (a) What is the amount of the cash flow in year 3($180,000), and (b) what is the equivalent uniform annual worth in year 1through 5 of the income form the wells at an interest rate of 12% per year