Question 47 Not yet answered Use the information for the question(s) below. Epiphany Industries is considering a new capital budgeting project that will last for three years. Epiphany plans on using a cost of capital of 12% to evaluate this project. Based on extensive research, it has prepared the following incremental cash flow projects: Points out of 2.00 P Flag question Year O 1 2 3 3 Sales (Revenues) - Cost of Goods Sold (50% of Sales) - Depreciation = EBIT - Taxes (35%) = unlevered net income + Depreciation + changes to working capital - capital expenditures -90.000 100,000 100.000 100.000 50,000 50,000 50,000 30,000 30,000 30,000 20,000 20,000 20,000 7000 7000 7000 13,000 13,000 13,000 30,000 30,000 30,000 -5,000 -5,000 10,000 The free cash flow for the last year of Epiphany's project is closest to