DeLuxe Furniture is thinking of buying a wood cutting machine for $200,000 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 $3,000 in net operating working capital The appropriate cost of capital for this project is 14% and the company's tax rate is 35% Year 0 Year 1 Year 2 Year 3 0 30,000 0 66,667 036,667 30,000 66,667 36,667 30,000 66,667 -36,667 Cost savings Depreciation EBIT Taxes (35%) Net income Depreciation NOPAT + DEP CAPEX ANOWC FCF Part 1 IB Attempt 1/3 for 10 pts. What is the free cash flow in year o? Choose the right sign, 0+ decimals Submit Part 2 - Attempt 1/3 for 10 pts What is the free cash flow in year 1