You've started a company to produce electrified selfie sticks. A stick will give you a mild electric shock whenever you try to take a selfie while your hand is shaking (e.g., if you are intoxicated). In fact, your hand was shaking when you came up with the idea for this business. You project the following unit sales: A B D E 1 Year 0 1 2 3 2 Units 0 18,000 19,800 21,780 Each selfie stick is expectd to sell for $18 and will incur variable costs of $14.4 for labor and materials. In addition, you'll incur fixed costs of $32,400 every year. You will need a new machine to produce the selfie sticks. If you buy the machine now (year o), it will start producing sticks next year (year 1). The machine costs $18,000 to purchase and install. After year 3, production will end and the new machine will be scrapped without cost or resale value. The equipment can be depreciated straight-line to zero over 3 years. Your company has a weighted average cost of capital of 16% and a marginal tax rate of 21%. 8 | Attempt 1/10 for 10 pts. Part 1 What is the free cash flow in year 3? 0+ decimals Submit Part 2 Attempt 1/10 for 10 pts. What is the NPV of the investment? 0+ decimals Submit