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7. The Sisyphean Corporation is considering investing in a new cane manufacturing machine that has an estimated life of three years. The cost of the machine is $30,000 and the machine will be depreciated straight line over its three-year life to a residual value of $0. The cane manufacturing machine will result in sales of 1900 canes in years 1-3 and 0 afterwards. The price per cane that Sisyphean will charge its customers is $19 each and is to remain constant. The canes have a manufacturing cost of $9 each. It is assumed that sales and marketing will cost $2,000 per year. The firm is in the 21% tax bracket and has a cost of capital of 10%. a. Calculate EBIT, net income and the Free Cash Flow for each year relevant for the project (0-4). b. Make the necessary calculation to determine whether the project should be pursued? Explain. c. Perform a sensitivity analysis of the project: In the optimistic case, assume that sales are 10% higher and the manufacturing cost is $2 lower. In the pessimistic case, sales are 10% lower and the sales price is $2 lower. Should the project be pursued in the optimistic and pessimistic case