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 firms R&D department The equipment's basic price is $90,000, and it would cost another $22,500 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 $22,500. Use of the equipment would require an increase in net working capital (spare parts inventory) of $3,600. The machine would have no effect on revenues, but it is expected to save the firm $27,000 per year in before-tax operating costs, mainly labor. The firm's marginal federal-plus-state tax rate is 40%. What are the net operating cash flows in Years 1, 2, and 3? Round your answers to the nearest dollar. Year 1 $ Year 2 $ Year 3 $ What is the additional (nonoperating) cash flow in Year 3? Round your answer to the nearest dollar. $ If the project's cost of capital is 11%, should the chromatograph be purchased?