would have no effect on revenues, but it should save the firm $49,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 35%. a. What is the initial investment outlay for the spectrometer, that is, what is the Year 0 project cash flow? Enter your answer as a positive value. Round your answer to the nearest cent. $ b. What are the project's annual cash flows in Years 1,2 , and 3 ? Do not round intermediate calculations. Round your answers to the nearest cent. Year 1: $ Year 2: \$ Year 3:\$ c. If the WACC is 14%, should the spectrometer be purchased