Excol Online Structured Activity: New profect analysis You must evaluate the purchase of a proposed spectrometer for the RaD department. The base price is 5110,000 , and it would cost another $16,500 to modify the equipment for special use by the firm. The equipment falls into the MaCR5. 3-year class and would be sold after 3 wears for s49,500. The applicable depreciation rates are 33%,45%,15%, and 79%. The equipment would requife an 514,000 increase in net operating working capital (5pare parts inventory). The project would have no effect on revenues, but it should save the firm 565,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 40%. The daka has been collected in the Miccosoft Excel Online file below, Open the spreadgheet and perform the recilired ansiysis to answer the questions below, Open spreadsheet a. What is the jnitial Investiment outiay for the spectrometer, that is, what is the Year a project cash flow? Round your answer to the nearest cent. Negative amaunt should be indicated by a minus sign. b. What are the project's annual cash flows in Years 1,2 , and 3 ? Round your answers to the nearest cent. In Year 15 In Year 2$ In Year 3$ c. If the WACC is 11%, should the spectrometer be purchased