Intro The local franchise of Jiffy Lube is thinking of buying a new lift for $40,000 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 15%. The company has a tax rate of 21% Year 2 Year 3 Year 1 90,000 13,333 76,667 99,000 13,333 85,667 118,800 13,333 105,467 Cost savings Depreciation EBIT Taxes (21%) Net income Depreciation FCF Attempt 1/1 Part 1 What is the free cash flow in year 1? 0+ decimals Save Part 2 Attempt 1/1 Part 2 What is the free cash flow in year 2? 0+ decimals Save Part 3 What is the free cash flow in year 3? 0+ decimals Save Part 4 What is the NPV of this project? 0+ decimals Save