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 $64,000, and it would cost another $14,500 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 $27,600. The MACRS rates for the first 3 years are 0.3333, 0.4445 and 0.1481. Use of the equipment would require an increase In net working capital (spare parts inventory) of $3,000. The machine would have no effect on revenues, but it is expected to save the firm $22,200 per year in before-tax operating costs, mainly labor. The firm's marginal federal-plus-state tax rate is 40%. Cash outflows and negative NPV value, 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 net cash flow? $ b. What are the net operating cash flows in Years 1, 2 and 3? Do not indude recovery of NWC or salvage value in Year's calculation here. Year 1: $ Year 2 5 Year What is the additional cash flow in Year from NWC and salvage? 3 d. It the project's cost of capital is 10%, what is the NPV of the project? 5 Should the chromatograph be purchased