The Apple company is considering a machine to reduce operation costs. The machine costs 32B. If bought, the machine will reduce the cost of goods sold by SIB a year lbefore tax} for the next 3 yea rs. The machine will also reduce the firm's required working capital by 50.2?5B immediately. At the end of the use of the machine, this amount of working capital will be released. Apple is expected to use the machine for only 3 yea rs. Then it intends to sell it for $0.53. The machine, however, can be fully depreciated for tax purposes over 1 year. Apple's tax rate is 30%, and its opportunity cost of capital is 9.5%. 3. Calculate the Free Cash Flow of each period for the investment project. lo. What should be your recommendation ? should Apple buy the machine