Question: can someone show me how to do #2 please Chapter 9 Fundamentals of Capital Budgeting 293 All problems are available in MyFinanceLab. The El icon

 can someone show me how to do #2 please Chapter 9can someone show me how to do #2 please

Chapter 9 Fundamentals of Capital Budgeting 293 All problems are available in MyFinanceLab. The El icon indicates problems that are easier to solve using Excel and have data in an Excel format available in MyFinanceLab. An asterisk * indicates problems with a higher level of difficulty. Forecasting Incremental Earnings 1. Daily Enterprises is purchasing a $10 million machine. It will cost $50,000 to trans- port and install the machine. The machine has a depreciable life of five years and will have no salvage value. If Daily uses straight-line depreciation, what'are the deprecia- tion expenses associated with this machine? 2. The machine in Problem I will generate incremental revenues of $4 million per year along with incremental costs of $1.2 million per year. If Daily's marginal tax rate is 35%, what are the incremental earnings associated with the new machine

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