Epiphany Industries is considering a new capital budgeting project that will last for three years. Epiphany plans on using a cost of capital of 12% to evaluate this project. Based on extensive research, it has prepared the following incremental cash flow projects: Year Sales (Revenues) -Cost of Goods Sold (50% of Sales) - Depreciation = EBIT - Taxes (35%) = unlevered net income + Depreciation + changes to working capital capital expenditures 0 1 2 3 150,000 150,000 150,000 75,000 75,000 75,000 30,000 30,000 30,000 45,000 45,000 45,000 15,750 15,750 15,750 29,250 29,250 29,250 30,000 30,000 30,000 - 5,000 - 5,000 10,000 - 90,000 The free cash flow for the last year of Epiphany's project is closest to: ...