Deluxe Furniture is thinking of buying a wood cutting machine for $180,000 that would save it $30,000 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 machine would require an additional $4,000 in net operating working capital. The appropriate cost of capital for this project is 13% and the company's tax rate is 35%. Year 0 Year 1 Year 2 Year 3 0 30,000 30,000 60,000 -30,000 30,000 60,000 0 60,000 0 -30,000 -30,000 Cost savings Depreciation EBIT Taxes (35%) Net income Depreciation NOPAT | DEP OAPEX ANOWC FCF Part 1 Attempt 1/3 for 10 pts. What is the free cash flow in year 0? Choose the right sign. 0+ decimals Part 2 What is the free cash flow in year 1? Part 3 What is the free cash flow in year 2? Part 4 What is the free cash flow in year 3? Hint: add the recovery of net operating working capital. Part 5 What is the NPV of this project