3) Free cash flow for year 3

4) NPV of this project

The local franchise of Jitty Lube is thinking of buying a new lift for $70,000 that would make it easier to access the oil filter in customers' cars and save labor. The savings would increase over the project's 3-year life, in line with the projected growth of the business. The machine is to be linearly depreciated to zero and will have no resale value after 3 years. The appropriate cost of capital for this project is 10%. The company has a tax rate of 21% Yoar 1 Year 3 20,000 23.333 -3,333 Year 2 22.000 23,333 -1,333.33 26,400 23,333 3.067 Cost savings Depreciation EBIT Taxes (21%) Not income Depreciation FCF Part 1 Atomt 11 for 10 A Submit A Part 2 ther Part 3 Part 4