questions below. Open spreadsheet sign. $ b. What are the project's annual cash flows in Years 1, 2, and 3? Round your answers to the nearest cent. In Year 1$ In Year 2$ In Year 3$ c. If the WACC is 13%, should the spectrometer be purchased? After-tax operating income Add back depreciation Operating cash flows Termination cash flows Before-tax salvage proceeds Tax on salvage value NOWC recapture Project cash flows NPV Project acceptance? Formulas \begin{tabular}{l|llll} & Yr. 0 & Yr. 1 & Yr. 2 & Yr. 3 \\ \cline { 2 - 5 } Base price & \#N/A & & & \\ \hline Modification costs & \#N/A & & & \\ NOWC & \#N/A & & & \\ \hline \end{tabular} Before-tax labor cost savings Depreciation Operating income Taxes After-tax operating income Add back depreciation Operating cash flows \begin{tabular}{lllll} $79,000.00 & $79,000.00 & & $79,000.00 \\ #N/A & #N/A & #N/A & \\ #N/A & #N/A & #N/A & \\ #N/A & #N/A & #N/A \\ #N/A & #N/A & #N/A \\ \hline#N/A & #N/A & #N/A \end{tabular} Termination cash flows Before-tax salvage proceeds Tax on salvage value NOWC recapture Project cash flows \begin{tabular}{lllll} \hline N/A & N/A/A & N/A & $10,000.00 \\ \hline \hline \end{tabular} NPV #N/A Project acceptance? #N/A