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 $15,000 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 $30,000. 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 $25,000 per year h before-tax operating costs, mainly labor. The firm's marginal federal-plus-state tax rate is 40%. 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 (nonoperating) cash flow in Year 3? d. If the project's cost of capital is 10%, should the chromatograph be purchased