Intro The local franchise of Jiffy 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 line with the projected growth of the business: B D 1 Year 1 2 3 2 Cost savings 50,000 55,000 66,000 The machine is to be linearly depreciated to zero and will have no resale value after 3 years. The company uses a discount rate of 16% and has a tax rate of 21%. IB Attempt 1/10 for 10 pts. Part 1 What is the free cash flow in year 37 0+ decimals Submit Part 2 Attempt 1/10 for 10 pts. What is the NPV? 67318.97 Try again Try again See solution (-2 pts.) About Blog Contact Instructor Guide Privacy Policy