Question: Daily Enterprises is purchasing a $ 1 0 . 4 1 million machine. It will cost $ 5 3 , 2 0 9 . 0

Daily Enterprises is purchasing a $10.41 million machine. It will cost $53,209.00 to transport and install the machine. The machine has a depreciable life of five years using the straight-line depreciation and will have no salvage value. The machine will generate incremental revenues of $4.44 million per year along with incremental costs of $1.41 million per year. Dailys marginal tax rate is 35.00%.
The cost of capital for the firm is 13.00%.
(answer in dollars..so convert millions to dollars)
The project will run for 5 years. What is the NPV of the project at the current cost of capital?

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