Question: Daily Enterprises is purchasing a $15,000,000 machine. The machine will depreciated using straight- line depreciation over its 7 year life and will have no salvage
Daily Enterprises is purchasing a $15,000,000 machine. The machine will depreciated using straight- line depreciation over its 7 year life and will have no salvage value. The machine will generate revenues of $6,500,000 per year along with costs of $1,000,000 per year. If Daly's marginal tax rate is 28%, what will be the cash flow in each of years one to 7 (the cash flow will be the same each year)? Enter your answer below rounded to the nearest whole number. Number
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