Intro The local franchise of Jetty Lube is thinking of buying a new lift for $60,000 that would make it easier to access the oil filter in customers' cars and save labor. The savings would increase over the project's 3-year life, in Ine with the projected growth of the business. The machine is to be linearly depreciated to zero and will have no resale value after 3 years. The appropriate cost of capital for this project is 13%. The company has a tax rate of 21% Year 1 40,000 20,000 20,000 Year 2 44,000 20,000 24,000 Year 3 52,800 20,000 32,800 Cost savings Depreciation EBIT Taxes (219) Net Income Depreciation FCF Attempt 1/1 for 10 pts Part 1 What is the free cash flow in year 1? 0+ decimals Submit Attempt 1/1 for 10 pts Part 2 What is the free cash flow in year 2? 0+ decimals Suomi Attempt 1/1 for 10 pts Part 3 What is the free cash flow in year 3? O decimals Submit - Attempt 1/1 for 10 pts. Part 4 What is the NPV of this project? O+decimals Submit