3. Nick Company is considering the purchase of a new fork-lift for its warehouse. The model under consideration has a cost of $60,000. It will be depreciated on a straight line basis over three years. It is expected to increase cash revenues by $60,000 in the first year, $50,000 in the second year, and $40,000 in the third year. It is expected to increase cash expenses by $10,000 in the first year, $15,000 in the second year, and $20,000 in the third year. Nick pays taxes at a rate of 30 percent. What cash flow will this project generate in the first, second, and third year