Question: Daily Enterprises is purchasing a $7,000,000 machine. The machine will be depreciated using straight- line depreciation over its 10 year life and will have no

Daily Enterprises is purchasing a $7,000,000 machine. The machine will be depreciated using straight- line depreciation over its 10 year life and will have no salvage value. The machine will generate revenues of $8,500,000 per year along with fixed costs of $2,000,000 per year. If Daily's marginal tax rate is 35%, what will be the cash flow in each of years 1 to 10 (the cash flow will be the same each year)? Enter your answer rounded to the nearest whole number

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