The local franchise of Jiffy Lube is thinking of buying a new lift for $80,000 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: 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 12% and has a tax rate of 21%. Part 1 Attempt 1/5 for 10 pts. What is the project cash flow in year 3 ? Correct The local franchise of Jiffy Lube is thinking of buying a new lift for $80,000 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: 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 12% and has a tax rate of 21%. Part 1 Attempt 1/5 for 10 pts. What is the project cash flow in year 3 ? Correct