you must evaluate the purchase of a spectrometer for the R&D department. the base price is 140,000 and it would cost another 30000 to modify the equipment for special use by the firm. the equipment falls into the Marcs 3 year class and would be sold after 3 years for 60000. the applicable depreciation rates are 33%, 45%,15%, and 7%. the equipment would require an $8,000 increase in net operating working capital (spare parts inventory). the project would have no effect on revenues but it should save the firm 50000 per year in before tax labor cost. the firms marginal federal plus state tax rate is 40%. the firms wacc is 12%. given the information this problem: what is the projects annual cash flow for year 2? what is the projects incremental depreciation for year 3? what is the projects operating cash flow for year 3?(do not include the terminal cash flows)