You must evaluate the purchase of a proposed spectrometer for the R8D department, The purchase price of the spectrometer inclualing modifications is $120, 000, and the equpment will be parts inventory). The project would hove no effect on revenues, but it should save the firm $58,000 per year in betore tax labor costs. The firm's matrginal federal plus-stase tax rate is 25%4 a. What is the intial investment outlay for the spectrometer, that is, what is the Year o project cash flow? Enter your answer as a positive value. Hound your answer fo the nearest drillar 5 b. What are the project's annual cash flows in Years 1, 2, and 37 Do not round intermediate calculations. Round your answers to the nearest dollar. Year 1:5 Year 2: 5 Year I: 5 C. If the WAOC is 12%, should the spectrometer be purchased