Daily Enterprises is purchasing a $$15,000,000$ machine. The machine will be depreciated using straight$-$line depreciation over its $7$ year life and will have no salvage value. The machine will generate revenues of $$7,000,000$ per year along with costs of $$3,000,000$ per year.

If Daily's marginal tax rate is $26\%,$ what will be the cash flow in each of years $1$ to $7($the cash flow will be the same each year$)?$

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Correct response: $3,517,143+-1$

Given annual cash flows of $$3,517,143,$ if the discount rate is $14\%,$ what is the NPV of the project?

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