You must evaluate the purchase of a proposed spectrometer for the R&D department. The purchase price of the spectrometer including modifications is $80,000, and the equipment will be fully deprecated at the time of purchase. The equipment would be sold after 3 years for $22,000. The equipment would require a $5,000 Increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm $22,000 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 projects annual cash flows in Years 1, 2 and 37 Do not round Intermediate calculations. Round your answers to the nearest dollar, Year 115 Year 2:5 Year 3: $ c. If the WACC IS 10%, should the spectrometer be purchased? No