Question: Daily Enterprises is purchasing a $13,000,000 machine. The machine will be depreciated using straight- line depreciation over its 8 year life and will have no
Daily Enterprises is purchasing a $13,000,000 machine. The machine will be depreciated using straight- line depreciation over its 8 year life and will have no salvage value. The machine will generate revenues of $6,500,000 per year along with costs of $3,500,000 per year If Daily's marginal tax rate is 37%, what will be the cash flow in each of years 1 to 8 (the cash flow will be the same each year)? Enter your answer rounded to the nearest whole number Enter your answer below 2491250 Correct response: 2,491, 2501 Given annual cash flows of $2,491,250, if the discount rate is 14%, what is the NPV of the project? Enter your answer rounded to the nearest whole number Enter your answer below Number
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