ou must eyaluate the purchase of a propased spectrometer for the R8O department. The purchase price of the spectrometer including modifications is s70,000, and the equipment will je fully depreciated at the time of purchase. The equipment would be sold after 3 years for $30,000. The equipment would require a $15,000 increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm $70,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 25%. a. What is the initial livestment oulay for the spectrometer after bonus depreciation is considered, that is, what is the Year 0 project cash fiow? Enter your ansiwer as a positive value. Round yeur answer to the nearest dollar. 5 b. What are the projects annual cash flows in Years 1,2 , and 3 ? Do not round intermediate calculations. Round your answers to the nearest doliat Year 1:5 Year 2:5 Year 3:5 c. If the Ware, is 14\%, should the spectrometer be purchased