Intro The local franchise of Jiffy Lube is thinking of buying a new lift for $90,000 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 line 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 12%. The company has a tax rate of 21% Year 2 Year 3 Cost savings Depreciation EBIT Taxes (21%) Net income Year 1 80,000 30,000 50,000 88,000 30,000 58,000 105,600 30,000 75,600 Depreciation FCF Attempt 1/1 for 10 pts Part 1 What is the free cash flow in year 1? 0+ decimals Type here to search o Attempt 1/1 for 10 pts. Part 2 What is the free cash flow in year 2? 0+ decimals Submit Attempt 1/1 for 10 pts. Part 3 What is the free cash flow in year 3? 0+ decimals Submit Attempt 1/1 for 10 pts Part 4 What is the NPV of this project? 0+ decimals Sunil Type here to search ot