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A project requires the purchase (in year 0) of a machine for $450,000. The firm will depreciate the machine to zero salvage value over its
A project requires the purchase (in year 0) of a machine for $450,000. The firm will depreciate the machine to zero salvage value over its life of 9 years. The project will also generate incremental revenue and expenses of $301,000 and $190,000 each of years 1 through 9 as well. The firm's marginal tax rate is 17%. What is the project's incremental cash flow in year 1? Round your answer to the nearest dollar.
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