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 $63,000, and it would cost another $15,500 to modify it for special use by your firm. The chromatograph, which falls into the MACRS 3-year class, would be sold after 3 years for $27,200. The MACRS rates for the first 3 years are 0.3333, 04445 and 0.1481 Use of the equipment would require an increase in net working capital (spare parts inventory) of $2,320. The machine would have no effect on revenues, but it is expected to save the firm $25,000 per year in before-tax operating costs, mainly tabor. The firm's marginal federal-plus-state tax rate is 10% Cash outflows and negative NPV value, it 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: $ Year 2: $ Year 3: $ 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? -Select