The president of your company, Morchuck Enterprises, has asked you to evaluate the proposed acquisition of a new chromatograph for the firm's Rad deportment. The equipment's basic price is $78,000, and it would cost another $20,000 to modify it for special use by your firm. The chromatograph, which falls into the MACRS 3-year clas5, would be sold atter 3 years for $36,500. The MACRS rates for the first three 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 $3,700. The machine would have no effect an revenues, but it is expected to sove the firm $27,100 per year in before-tax operating costs, mainly labor. The firm's marginal federal-plus-state tax rate is 25 W. Cach outhows and negative NPV value, if any, should be indicated by a minus sign. Do not round intermediate calculations, Round your answers to the nearect dollar. a. What is the Year 0 net cash flow? 5 b. What are the project recurring cash flows in tears 1,2 , and 37 Year 1: $ Year 2: 5 Year 3: c. What is the additional (nonoperating) cash fow in Year 3? 5 d. If the project'in cost of capital is 11%m, what is the NPV of the project? 5 Stould the khromatograph be purchased