You must evaluate the purchase of a proposed ipectrometer for the R8D department, The base price is $220,000, and it would cost another 544,000 to modify the equipment for spedal use by the firm. The equipment falis inte the MACRS 3-year dass and would be sold after 3 years for $77,000. The applicable depreciation rates are 33%,45%,15%, and 7%. The equipment would require an $13,000 increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm $37,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 40%. The data has been collected in the Microsolt Excel Online fie below. Open the spreadsheet and perform the required analivis to answer the questions belaw. Open spreadsheet a. What is the initial investment outlay for the spectrometer, that is, what is the year o project cash foom? Hound your answer to the nearest cent: Negative amount should be indicated by a minus sign. b. What are the projects annual cash foms in Yearsi, 2 , and 37 llound your antwen to the nearest cent. in Year 15 In Yese 2.5 In Year 34 c. If the waCc is 14\%, hould the spectrometer be purchased