Intro The local franchise of Jiffy Lube is thinking of buying a new lift for $60,000 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 res. Se value after 3 years. The appropriate cost of capital for this project is 10%. The company has a tax rate of 21% Year 1 100,000 20,000 80,000 Year 2 110,000 20,000 90,000 Year 3 132,000 20,000 112,000 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+ decimal Submit Type here to search 1 Attempt 1/1 for 10 pts. Part 1 What is the free cash flow in year 1? 0+ decimals Submit - Attempt 1/1 for 10 pts. Part 2 What is the free cash flow in year 2? 0+ decimals Submit Attempt 1/1 for 10 pts. Part 3 What is the free cash flow in year 3? 0+ decals Submit Type here to search hp Attempt 1/1 for 10 pts Part 2 What is the free cash flow in year 2? 0+ decimals 98 Submit Attempt 1/1 for 10 pts. Part 3 What is the free cash flow in year 3? ws 0+ decimals Submit - Attempt 1/1 for 10 pts. Part 4 What is the NPV of this project? Ouderals Subm Type here to search hp