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A company has new equipment costs of $2 million, which will be depreciated to zero using straight- line depreciation over 6 years. The company expects
A company has new equipment costs of $2 million, which will be depreciated to zero using straight- line depreciation over 6 years. The company expects to bring in revenues of $6 million per year for 6 years with production costs of $1.7 million per year. If the company's tax rate is 50%, what are the incremental earnings (not cash flows) of this project in years 1-6? Enter your answer in dollars and round to the nearest dollar
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