You must evaluate the purchase of a proposed spectrometer for the R & D department $.$ The purchase price of the spectrometer including modifications is $ $260,000,$ and the equipment will be fully depreciated at the time of purchase $.$ The equipment would be sold after $3$ years for $ $88,000.$ The equipment would require a $ $7,000$ increase in net operating working capital $($ spare parts inventory $).$ The project would have no effect on revenues $,$ but it should save the firm $ $73,000$ per year in before $-$ tax labor costs $.$ The firm's marginal federal $-$ plus $-$ state tax rate is $25\%.$ a $.$ What is the initial investment outlay for the spectrometer after bonus depreciation is considered $,$ that is $,$ what is the Year project cash flow $?$ Enter your answer as a positive value $.$ Round your answer to the nearest dollar $ 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 dollar Year $1$ : $ Year $2$ : $ Year $3$ : c $.$ If the WACC is $12\%,$ should the spectrometer be purchased $?-$Select$-$