Libby just expanded her restaurant. She projects revenue will increase by $$55,000$ for the new restaurant in the first year and increase by $25\%$ over the next three years. Expenses are $75\%$ of sales. The initial cost of the new restaurant $($in year $0)$ is $$40,000($which will be straight$-$line depreciated over $5$ years$)$ and her tax rate is $21\%.$ Net working capital will increase by $$5000$ in year $1.$

What are the operating cash flows associated with the project through year $3?$

What are the free cash flows associated with the project through year $3?$