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 $15,000 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%, 4S%, iS%, and 7%. The equipment would require an S9,000 increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm S79.000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 35%. a. What is the initial investment outlay for the spectrometer, that is, what is the Year 0 project cash flow? Enter your answer as a positive value. Round your answer to 7% Theequipment would e per year in beforetaxlabor costs. Them , Enter your answer as a positive value the nearest cent. 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 cent. Year 1: Year 2: Year 3: 5