Question: Daily Enterprises is purchasing a $10.51 million machine. It will cost $55,378.00 to transport and install the machine. The machine has a depreciable life of

 Daily Enterprises is purchasing a $10.51 million machine. It will cost

Daily Enterprises is purchasing a $10.51 million machine. It will cost $55,378.00 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 incrermental revenues of $4.33 millon per year along with incremental costs of \$1.32 milion per year, Daily's marginal tox-rate is 34.00%. Attempts Fier The cost of capital for the firm is 10.00%. (answer in dolars. so convert milions to dollars) The project wil run for 5 years. What is the NPV of the project at the current cost of capital? Answer format: Currency: Pound to: 2 decimal places

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