Problem 10 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: A Part 1 What is the free cash flow in year 3? 0+ decimals Submit Part 2 What is the NPV? 0+ decimals B 1 Year 1 2 Cost savings 20,000 Submit The machine is to be linearly depreciated to zero and will have no resale value after 3 years. The company uses a discount rate of 16% and has a tax rate of 21%. 2 22,000 D 3 26,400 BAttempt 1/5 for 10 pts. BAttempt 1/5 for 10 pts. Activate Windows Go to Settings to activate Windows