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 18%. The company has a tax rate of 21% Part 1 Attempt 1/1 What is the free cash flow in year 1 ? Part 2 - Attempt 1/1 What is the free cash flow in year 2 ? Part 3 - Attempt 1/1 What is the free cash flow in year 3 ? Part 4 - Attempt 1/1 What is the NPV of this project