Epiphany Industries is considering a new capital budgeting project that will last for three years. Epiphany pians on using a cost of capdal of t. prepared the following incremental cash flow projections. A. $40,800 B. $45,000 C. $43,000 D. $25,000 r three years. Epiphany plans on using a cost of capital of 12% to evaluate this project. Based on extensive research, it has The free cash flow for the first year of Epiphany's project is closest to: A. $40,800. B. $45,000 C. $43,000 D. $25,000