The local franchise of Jiffy Lube is thinking of buying a new lift for $60,000 that would make it easier to access the oil filter in oustomers' 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 appropniate cost of capital for this project is 13%. The company has a tax rate of 21%. Part 1 Attempt 1/1 What is the free cash flow in year 1? Part 2 Alternpt 1/1 What is the free cash fiow in year 2 ? What is the free cash flow in year 1? What is the free cash flow in year 2 ? What is the froe cash flow in year 3