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 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 appropriate cost of capital for this project is 14%. The company has a tax rate of 21%. Year 1 Year 2 Year 3 Cost savings 90,000 99,000 118,800 Depreciation 20,000 20,000 20,000 EBIT 70,000 79,000 98,800 Taxes (21%) Net income Depreciation FCF Attempt 1/1 Part 1 What is the free cash flow in year 1? 0+ decimals Attempt 1/1 Part 2 What is the free cash flow in year 2? 0+ decimals Attempt 1/1 Part 3 What is the free cash flow in year 3? 0+ decimals Attempt 1/1 Part 4 What is the NPV of this project? 0+ decimals