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 13%. The company has a tax rate of 21%. Year 1 Year 2 Year 3 99,000 90,000 16,667 73,333 16,667 82,333 118,800 16,667 102,133 Cost savings Depreciation EBIT Taxes (21%) Net income Depreciation FCF Attempt 1/1 for 10 pts. Part 1 What is the free cash flow in year 1? 0+ decima Save Attempt 1/1 for 10 pts. Part 2 What is the free cash flow in year 2? 0+ decima Save Part 3 " Attempt 1/1 for 10 pts. What is the free cash flow in year 3? 0+ decima Save " Attempt 1/1 for 10 pts. Part 4 What is the NPV of this project? 0+ decima Save