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 salvage

 Daily Enterprises is purchasing a $7,000,000 machine. The machine will be

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, Dailly'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 Enter your answer below 4470000 Correct response: 4,470,000+1 It the discount rate is 10%, what is the NPV of the project? The cash flow each year in $4,470,000 Enter your answer rounded to the nearest whole number, Enter your answer below Number Should Daily accept or reject the project (choose one) Enter your answer below Accept Reject

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