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 12%. The company has a tax rate of 21%. Year 3 Year 1 50,000 16,667 33,333 Year 2 55,000 16,667 38,333 66,000 16,667 49,333 Cost savings Depreciation EBIT Taxes (21%) Net income Depreciation FCF Part 1 18 Attempt 1/5 for 10 pts. What is the free cash flow in year 1? No decimals Submit 18 Attempt 1/5 for 10 pts. Part 2 What is the free cash flow in year 2? No decimals Submit | 8 Part 3 | Attempt 1/5 for 10 pts. What is the free cash flow in year 3? No decimals 1 B * Attempt 175 for 10 pts. Part 4 What is the NPV of this project? No decimals Submit