The base price is $240,000 it would cost another $36,000 to modify the equipment for special use by the firm. The equipment falls into the MACRS 3-year class and would be sold after 3 years for $120,000. The applicable depreciation rates are 33%, 45%, 15%, and 7%. The equipment would require an $8,000 increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm $44,000 per year in before-tax labor costs. he firm's marginal federal-plus-state tax rate is 40%. The initial investment outlay for the spectrometer, is $284,000 What are the project's annual cash flows in Years 1, 2, and 3? Round your answers to the nearest cent. 1. in Year 1 $_____________ The answer is NOT 44000 2. in Year 2 $_____________ The answer is NOT 44000 3. in Year 3 $_____________ The answer is NOT 15058.4