Mid-State Medical Center wishes to upgrade their in-house MRI to a 3 Tesla magnet, which gives sharper pictures and should reduce the time it takes to complete a procedure. You have gathered the following details on the potential investment: The cost to buy and install the new scanner is $1.3 million. The scanner is expected to last seven years and it should have a salifinge Supplies per scan will total $100 per scan in year 1 and increase 3% per year. Maintenance will be a fixed $120,000 per year in the first year and increase 3.5% per year. Calculate the cash flows associated with this proposed project