Company Alpha is considering building an aircraft maintenance facility in Arizona. The facility is to be evaluated over a threeyear life. The company estimates that: The facility will help to generate sales of $100,000 for the first year, and then $110,000 in year 2,$130,000 in year 3 . Annual fixed operating costs are expected to be $50,000. Variable cost is $10,000 in year 1,$10,500 in year 2,$11,025 in year 3 . All required equipment such as machines, carts and trucks cost in total of $60,000, which will go through a straight-line depreciation down to zero value. The market value of the equipment at the end of the project's life is $37,000. The project would require $15,000 in net working capital in year 0 and the net working capital is expected to grow 4% a year in the following years. At the end of year 3 , the investment in NWC will be fully recovered. The relevant tax rate is 20% and required return is 10%. The company has $4,000 of interest expense which is expected to stay fixed over the 3 years. What is the FREE CASH FLOW in year 3? $101,804 $93,004 $90,604 $105,004 $97,804