New Project Analysis The president of the company you work for has asked you to evaluate the proposed acquisition of a new chromatograph for the firm's R&D department. The equipment's basic price is $67,000, and it would cost another $16,500 to modify it for special use by your firm. The chromatograph, which falls into the MACRS 3 year dass, would be sold after 3 years for $26,400. The MACRS rates for the first 3 years are 0.3333, 0.4445 and 0.1481. Use of the Equipment would require an increase in net working capital (spare parts inventory) of $2,480. The machine would have no effect on revenues, but it is expected to save the firm $22,580 per year in before-tax operating costs, mainly labor. The firm's marginal federal-plus-state tax rate is 10%. Cash outflows and negative NPV value, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the nearest dollar. a. What is the Year-O net cash flow? $ b. What are the net operating cash flows in Years 1, 2, and 37 Do not include recovery of NWC or salvage value in Year 3's calculation here. Year 1: 1 Year 2 Year 3: 5 c. What is the additional cash flow in Year 3 from NWC and salvage? $ d. If the project's cost of capital is 11%, what is the NPV of the project? $ Should the chromatograph be purchased