Answer format: Currency: Round to: 4 decimal places, Show Hint Over the past six months, Six Flags conducted a marketing study on improving their park experience. The study cost $3.00 million and the results suggested that Six Flags add a kid's only roller coaster. Suppose that Six Flags decides to build a new roller coaster for the upcoming operating season. The depreciable equipment for the roller coaster will cost $50.00 million and an additional $5.00 million to install. The equipment will be depreciated straight-line over 20 years. The marketing team at Six Flags expects the coaster to increase attendance at the park by 5%. This translates to 106,362.00 more visitors at an average ticket price of $40.00. Expenses for these visitors are about 15.00% of sales There is no impact on working capital. The average visitor spends $20.00 on park merchandise and concessions. The after-tax operating margin on these side effects is 35.00%. The tax rate facing the firm is 38.00%, while the cost of capital is 10.00% What is the NPV of this coaster project if Six Flags will evaluate it over a 20-year period? (Six Flags expects the first year project cash flow to grow at 5% per year, going forward) (Express answer in millions) Submit Answer format: Currency: Round to: 2 decimal places. Steamboat Springs Furniture, Inc., is considering purchasing a new finishing lathe that costs $63,293.00. The lathe will generate revenues of $95.978.00 per year for five years. The cost of materials and labor needed to generate these revenues will total $48,591.00 per year, and other cash expenses will be $10,451.00 per year. The machine is expected to sell for $9,996.00 at the end of its five-year life and will be depreciated on a straight-line basis over five years to zero. Steamboat Springs' marginal tax rate is 34.00 percent, and its cost of capital is 13.00 percent. Alter Answer format: Currency: Round to: 4 decimal places, Show Hint Over the past six months, Six Flags conducted a marketing study on improving their park experience. The study cost $3.00 million and the results suggested that Six Flags add a kid's only roller coaster. Suppose that Six Flags decides to build a new roller coaster for the upcoming operating season. The depreciable equipment for the roller coaster will cost $50.00 million and an additional $5.00 million to install. The equipment will be depreciated straight-line over 20 years. The marketing team at Six Flags expects the coaster to increase attendance at the park by 5%. This translates to 106,362.00 more visitors at an average ticket price of $40.00. Expenses for these visitors are about 15.00% of sales There is no impact on working capital. The average visitor spends $20.00 on park merchandise and concessions. The after-tax operating margin on these side effects is 35.00%. The tax rate facing the firm is 38.00%, while the cost of capital is 10.00% What is the NPV of this coaster project if Six Flags will evaluate it over a 20-year period? (Six Flags expects the first year project cash flow to grow at 5% per year, going forward) (Express answer in millions) Submit Answer format: Currency: Round to: 2 decimal places. Steamboat Springs Furniture, Inc., is considering purchasing a new finishing lathe that costs $63,293.00. The lathe will generate revenues of $95.978.00 per year for five years. The cost of materials and labor needed to generate these revenues will total $48,591.00 per year, and other cash expenses will be $10,451.00 per year. The machine is expected to sell for $9,996.00 at the end of its five-year life and will be depreciated on a straight-line basis over five years to zero. Steamboat Springs' marginal tax rate is 34.00 percent, and its cost of capital is 13.00 percent. Alter