You must evaluate the purchase of a proposed spectrometer for the R\&D department. The base price is $300,000, and it would cost another $45,000 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 $150,000. The applicable depreciation rates are 33%,45%,15%, and 7%. The equipment would require an $12,000 increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm $35,000 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 Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet: 8. What is the Initial investment outlay for the spectrometer, that is, what is the Year 0 profect cash flow? Round your answer to the nearest cent. Negative amount should be indicated by a minus sign. \$ b. What are the project's annual cash flows in Years 1, 2, and 3? Round your answers to the nearest cent. In Year 1 \$ In Year 25 In Year 35