Better Tires Corp. is planning to buy a new tire making machine for $$70,000$ that would save it $$80,000$ per year in production costs. The savings would be constant over the project's $3-$year life. 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 $11\%$ and the tax rate is $21\%.$

What is the cash flow from assets in each year of operation $($years $1$ to $3)?$

What is the NPV of this project?