Better Tires Corp. is planning to buy a new tire making machine for $$80,000$ that would save it $$50,000$ 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 $12\%$ and the tax rate is $21\%.$ What is the incremental cash flow in each year of operation $($years $1$ to $3)?$ What is the NPV of this project?Better Tires Corp. is planning to buy a new tire making machine for $$80,000$ that would save it $$50,000$ 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 $12\%$ and the tax rate is $21\%.$ What is the incremental cash flow in each year of operation $($years $1$ to $3)?$ What is the NPV of this project?