Excel Online Structured Activity: New project analysis You must evaluate the purchase of a proposed spectrometer for the RsD department. The base price is $210,000, and it would cost another $42,000 to modify the equipment for special ust, by the firm. The equipment falls into the MACR 3 -year class and would be sold after 3 years for $94,500. The applicable depreciation rates are 33%,45%,15%, and 7%. The equipment would require an $6,000 increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm $33,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 40%. The data has been collected in the Microsoft Excel Online file below, Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet a. What is the initial investment outlay for the spectrometer, that is, what is the Year 0 project cash flow? Round your answer to the nearest cent. Negative amount should be indicated by a minus sign. $ b. What are the profect's annual cash flow5 in Years 1,2, and 3 ? Round your answers to the nearest cent. In Year is In Year 25 In Year 35 c. If the WACC is 14%, should the spectrometer be purchased