You must evaluate the purchase of a proposed spectrometer for the R&D department. The base price is $60,000, and it would cost another $9,000 to modify the equipment for special use by the firm. The equipment falls into the MACRS 3-year class and would be sold after 3 years for $15,000. The applicable depreciation rates are 33%, 45%, 15%, and 7%. The equipment would require an $14,000 increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm $77,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate s 35% a what is the initial investment outlay for the spectrometer, that is, what is the Year O project cash flow? Enter your answer as a positive value Round your answer to the nearest cant. b. What are the project's annual cash flown in Years 1, 2 and 3? Do not round intermediate calculations. Round your answers to the nearest cent Year 15 Year 2 Year 3:5 c. If the WACC IS 11, should the spectrometer be purchased? Select