Hardley Markers has a project that involved the purchase of a machine for $100,000. Hardley's project...

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Hardley Markers has a project that involved the purchase of a machine for $100,000. Hardley's project will have $100,000 in revenue for the next five years and depreciation is the only tax deduction. The tax rate is 30 percent and tax reporting allows the entire machine to be deducted as depreciation in the first year. The appropriate discount rate is 6 percent, and the present value factors are: Year Factor 1 0.943 2 0.890 0.840 0.792 0.747 3 4 5 What is the net present value of the project? Hardley Markers has a project that involved the purchase of a machine for $100,000. Hardley's project will have $100,000 in revenue for the next five years and depreciation is the only tax deduction. The tax rate is 30 percent and tax reporting allows the entire machine to be deducted as depreciation in the first year. The appropriate discount rate is 6 percent, and the present value factors are: Year Factor 1 0.943 2 0.890 0.840 0.792 0.747 3 4 5 What is the net present value of the project?