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 $70,000, and it would cost another $17,000 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 $33,200. 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 $4,000. The machine would have no effect on revenues, but it is expected to save the firm $22,900 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 sion. Do not found intermediate calculations. Round your answers to the nearest dollar, a. What is the Year-O net cash flow? $ b. What are the net operating cash flows in Years 1, 2 and 3? Do not include recovery of NWC or salvage value in Year's calculation here Year 1: $ Year 2: S Year: 3 c. What is the additional cash flow in Year 3 from NWC and salvage? 5 8. If the project's cost of capital is what is the NPV of the project 5 Should the chromatograbe Durchased