Intro The local franchise of Jiffy Lube is thinking of buying a new lift for $50,000 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 11%. The company has a tax rate of 21%. Year 1 Year 2 Year 3 Cost savings 80,000 88,000 105,600 Depreciation 16,667 16,667 16,667 EBIT 63,333 71,333 88,933 Taxes (21%) NOPAT Depreciation PCF Part 1 What is the project cash flow in year 1? 0+ decimals Save Attempt 1/1 Part 2 What is the project cash flow in year 2? Attempt 1/1 0+ decimals Save Part 3 What is the project cash flow in year 3? 0+ decimals Save Attempt 1/1 Part 4 What is the NPV of this project? Attempt 1/1 0+ decimals Save