New-Project Analysis The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $880,000, and it would cost another $23,500 to install it. The machine falls into the MACRS 3-year dass (the applicable MACRS depreciation rates are 33.33%, 44.45%, 14.81%, and 7.41%), and it would be sold after 3 years for $566,000. The machine would require an increase in net working capital inventory) of $14,000. The sprayer would not change revenues, but it is expected to save the firm $437,000 per year in before-tax operating costs, mainly labor. Campbell's marginal tax rate is 35%. Cash outflows, 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 3? Year 1: $ Year 2:$ Year 3:5 c. What is the additional Year 3 cash flow (le, the after-tax salvage and the return of working capital? d. If the project's cost of capital is 11 %, what is the NPV of the project? Should the machine be purchased? -Select- Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $17 million, and production and sales will require an initial $4 milion investment in net operating working capital. The company's tax rate is 30%. a. What is the initial investment outlay? Enter your answer as a positive value Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000 Round your answer to the nearest dollar b. The company spent and expensed $150,000 on research related to the new project last year. Would this change your answer? Select last year's $150,000 expenditure Select considered a sun cost and select represent an incremental cash flow Rather than build a new manufacturing facility, the company plans to install the equipment in a b i g ons but is not owing. The building could be sold for $1.5 million after taxes and real estate commissions. How would this affect your answer The project's cost will select