The president of your company, MorChuck Enterprises, has asked you to evaluate the proposed acquisition of a new chromatograph for the firm's RaD department. The equipment's basic price is $78,000, and it would cost another $16,500 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 $29,700. 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 $4,480. The machine would have no effect on revenues, but it is expected to save the firm $26,320 per year in before-tax operating costs, mainly labor. The frm's marginal federal-plus-state tax rote is 25%. Cash outflows and negative NPV value, if any, should be indicated by a minus sign, Do not round intermedate calculations, Round your answers to the nearest dollar. a. What is the Year-0 net cash flow? $ b. What are the project recurring cash flows in Years 1,2 , and 3