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Daily Enterprises is purchasing a $ 1 0 , 0 0 0 , 0 0 0 machine. The machine will be depreciated using straightline depreciation

Daily Enterprises is purchasing a $10,000,000 machine. The machine will be depreciated using straightline depreciation over its 6 year life and will have no salvage value. The machine will generate revenues of $10,000,000 per year along with fixed costs of $2,000,000 per year.
If Daily's marginal tax rate is 26%, what will be the cash flow in each of years 1 to 6(the cash flow will be the same each year)?
Enter your answer rounded to the nearest whole number.
Enter your answer below.
6,353,333
Correct response: 6,353,333+-1
If the discount rate is 9%, what is the NPV of the project? The cash flow each year is $6,353,333. Enter your answer rounded to the nearest whole number.
Enter your answer below.
Should Daily accept or reject the project (choose one)?
Enter your answer below.
Accept
Reject
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