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. 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 14%. The company has a tax rate of 21%. Year 1 Year 2 Year 3 60,000 23,333 66,000 23,333 79,200 23,333 55,867 36,667 42,667 Cost savings Depreciation EBIT Taxes (21%) Net income Depreciation FCF Part 1 Attempt 1/1 What is the free cash flow in year 1? 57039.93 Save Part 2 | Attempt 1/1 What is the free cash flow in year 2? + decimals Save