Johnnys Lunches is considering purchasing a new, energy-efficient grill. The grill will cost $46,000 and will be depreciated according to the 3-year MACRS schedule. It will be sold for scrap metal after 3 years for $11,500. The grill will have no effect on revenues but will save Johnnys $23,000 in energy expenses per year. The tax rate is 35%. Use theMACRS depreciation schedule.

a.	What are the operating cash flows in each year?(Do not round intermediate calculations. Round your answers to 2 decimal places.)

Year	Operating Cash Flows
1	$
2
3

b.	What are the total cash flows in each year?(Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places.)

Time	Total Cash Flows
0	$
1
2
3

c.	If the discount rate is 12%, should the grill be purchased?
	Yes No Please show work. Thank you!