Your firm is considering a new project that will require $10,000 of new equipment at the start of the project. The equipment will have a depreciable life of five years, and will be depreciated to a book value of $3,000 using straight-line depreciation (basic straight-line without an IRS schedule). The cost of capital is 9 percent, and the firm's tax rate is 34 percent. Estimate the present value of the tax benefits from depreciation You are evaluating the acquisition of a new vehicle for $85,000. The vehicle falls into the MACRS three-year class (the depreciation rates are Year 1 at 33,33%; Year 2 at 44.45%; Year 3 at 14,81%; and Year 4 at 7.41%), and it will be sold at the end of Year 3 for $20,000. Use of the vehicle requires an increase in NWC of $2,000. The firm has incremental sales of $100,000 (each year) in Years 1-3. The truck will have no effect on revenues, but it is expected to save the firm $20,000 per year in pre-tax operating costs. The firm's marginal tax rate is 40 percent. What will the free cash flows for this project be in Year 0, Yoar 1. Year 2, and Year 3