Any news from financial markets. Explain what is the news about, some background information (if possible), why you choose the news, and what you expect to learn in financial markets and institution class. Make sure you cite the source properly (with link, title, authors, date, etc.)

A machine purchased for $1,000,000 with a life of 10 years, generates annual revenues of $300,000 and operating expenses of $100,000. Assume that machine will be depreciated over 10 years using straight-line depreciation with zero balance at the end of the life. The corporate tax rate is 30%. a) Calculate annual net cash flow of the project b) Calculate project NPV. Guide: Annual net cash flow: (Revenue - operating cost-depreciation - Tax + Deprecation) Profit before tax = Revenue - operating cost-depreciation Profit after tax = Profit before tax - tax amount Amount of tax to be paid= profit before tax * tax rate Depreciation per year = Machine cost / number of year of project 1 2 3 Purchase cost (initial outlay: IO) Revenue Operating expenses Depreciation Profit before tax Tax Profit after tax Add depreciation Annual net cash flow PV of cash flow (10%) NPV 0 + 5 -10