Question: Question Help Daily Enterprises is purchasing a $10.1 million machine. It will cost 547,000 to transport and install the machine. The machine has a depreciable

 Question Help Daily Enterprises is purchasing a $10.1 million machine. It

Question Help Daily Enterprises is purchasing a $10.1 million machine. It will cost 547,000 to transport and install the machine. The machine has a depreciable life of five years using straight-ine depreciation and will have no salvage value. The machine will generate incremental revenues of $4.1 milion per year along with incremental costs of $1.1 million per year Daily's marginal tax rate is 35%. You are forecasting incremental free cash fows for Daily Enterprises. What are the incremental free cash flows associated with the new machine? The free cash flow for year 0 will be $1. (Round to the nearest dollar)

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