Question: Daily Enterprises is purchasing a $10,38 million machine it will cost $68,103.00 to transport and install the machine. The machine has a depreciable life of
Daily Enterprises is purchasing a $10,38 million machine it will cost $68,103.00 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 $4.36 million per year along with incremental costs of $1.21 million per year Daily's marginal tax rate is 38.00% The cost of capital for the firm is 10.00% (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? Submit Answer format: Currency: Round to 2 decimal places
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