Deluxe Furniture is thinking of buying a wood cutting machine for $170,000 that would save it $45,000 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 $5,000 in net operating working capital. $ The appropriate cost of capital for this project is 16% and the company's tax rate is 35%. Year 0 Year 1 Year 2 Year 3 0 0 45,000 0 0 56,667 0 -11,667 45,000 45,000 56,667 56,667 -11,667 -11,667 Cost savings Depreciation EBIT Taxes (35%) Net income Depreciation NOPAT + DEP CAPEX ANOWC FCF Part 1 Attempt 1/3 for 10 pts. What is the free cash flow in year 0? Choose the right sign. 07 . D+ decimals Submit Attempt 1/3 for 10 pts. Part 2 What is the free cash flow in year 1? D+ decimals + Submit - Attempt 1/3 for 10 pts. Part 3 What is the free cash flow in year 2? 2? D+ decimals Submit Attempt 1/3 for 10 pts. Part 4 What is the free cash flow in year 3? Hint: add the recovery of net operating working capital. D+ decimals Submit - Attempt 1/3 for 10 pts. Part 5 What is the NPV of this project? D+ decimals Submit