New Project Analysis The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $900,000, and it would cost another $16,500 to Install it. The machine falls into the MACRS 3-year dass, and it would be sold after 3 years for $487,000. The MACRS rates for the first three years are 0.3333, 0.4445, and 0.1481. The machine would require an increase in net working capital (Inventory of $17,000. The sprayer would not change revenues, but it is expected to save the firm $361,000 per year in before tax operating costs, mainly labor. Campbell's marginal tax rate is 25%. (Ignore the half your convention for the straight line method) Cash outflows, if any, should be Indicated by a minus sign. Do not round intermediate calculations, Round your answers to the nearest dollar a. What is the Year net cash flow? 5 b. What are the net operating cash flows in Years 1, 2, and >> Year 1: 5 Year 2:5 Year 3: $ c. What is the additional Year-3 cash flow (l.e, the after-tax salvage and the return of working capital? 5 d. If the project's cost of capital is 11%, what is the NPV of the project? $ Should the machine be purchased? -Select- Yes