Question: Daily Enterprises is purchasing a $13,000,000 machine. The machine will be depreciated using straight-line depreciation over its 7 year life and will have no salvage

Daily Enterprises is purchasing a $13,000,000 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 fixed costs of $1,500,000 per year. If the discount rate is 7%, what is the NPV of the project? The cash flow each year is $4,152,143. Enter your answer rounded to the nearest whole number. Enter your answer below. Should Daily accept or reject the project (choose one)? Enter your answer below. Accept Reject

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