You must evaluate the purchase of a proposed spectrometer for the RaD department. The base price is $280,000, and it would cost another $56,000 to modify the equipment for special use by the firm, The equipment falis into the MACR5 3 -year class and would be sald after 3 years for $94,000. The applicable depreciation rates are 33%, 45%. 15%, and 7%. The equipment would require an $9,000 increase in net operating working capital (spare parts inventory); The project would have no effect on revenues, but 8 should save the firm $20,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 40%. The data has been colected in the Micros. Oaline file below. Open the spreadsheet and perform the required analysis to answer the questions below. a. 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 ahculd be indicoted by a minus sign. b. What are the project's annual cash flows in Years 1,2 , and 3 ? Reund your answers to the nesrest cent