Question: Daily Enterprises is purchasing a $10.53 million machine. It will cost $58,249.00 to transport and install the machine. The machine has a depreciable life of

Daily Enterprises is purchasing a $10.53 million machine. It will cost $58,249.00 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 $4.53 million per year along with incremental costs of $1.33 million per year. Dailys marginal tax rate is 34.00%.

The cost of capital for the firm is 14.00%.

(answer in dollars..so convert millions to dollars)

What is the year 0 cash flow for the project?

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