Intro The local franchise of Jiffy Lube is thinking of buying a new lift for $70,000 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 3 2 Cost savings 100,000 110,000 132,000 1 2 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 11% and has a tax rate of 21%. JA- Attempt 3/5 for 10 pts. Part 1 What is the free cash flow in year 3? 0+ decimals Submit IB Attempt 1/5 for 10 pts. Part 2 What is the NPV? 0+ decimals Submit