The Campbell Compony is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $1,190,000, and it would cost another $23,000 to instali it. The machine falls into the MACRS 3-year class (the applicable MACRS depreciation rates are 33.33\%, 44.45\%, 14.8195, and 7.41\%), and it would be sold after 3 years for $589,000. The machine would require an increase in net working capital (inventory) of $12,500, The sprayer would not change revenues, but it is expected to save the firm $418,000 per year in before-tax operating costs, mainly labor, Campbeli'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-0 net cash flow? b. What are the net operating cash flows in Years 1,2 , and 3 ? c. What is the additional Year 3 cash flow (l.e, the after-tax salvage and the retum of working capital)? d. If the project's cost of capital is 11%, what is the NPV of the project? 5 Should the machine be purchased