You must evaluate the purchase of a proposed spectrometer for the R8D department. The purchase price of the spectrometer including modifications is $220,000, and the equipment will be fully depreciated at the time of purchase. The equipment would be sold after 3 years for $102,000. The equipment would require an $8,000 increase in net operating working capital (spare parts imventory). The project would have no effect on revenues, but it should save the firm $75,000 per year in before-tax labor costs. The firm's marginat federal-plus-state tax rate is 25\%6. a. What is the initial investment outlay for the spectrometer after bonus depreciation is considered, that is, what is the Year 0 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 I: 5 Year 2:5 Year 3:5 C. If the WACC is 13%, should the spectrometer be purchased