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Daily Enterprises is purchasing a $ 1 0 . 3 3 million machine. It will cost $ 7 9 , 6 1 9 . 0

Daily Enterprises is purchasing a $10.33 million machine. It will cost $79,619.00 to transport and install the machine. The
machine has a depreciable life of five years using the straight-line depreciation and will have no salvage value. The
machine will generate incremental revenues of $4.25 million per year along with incremental costs of $1.41 million per
year. Daily's marginal tax rate is 35.00%.
The cost of capital for the firm is 14.00%.
(answer in dollars..so convert millions to dollars)
The project will run for 5 years. What is the NPV of the project at the current cost of capital?
Answer format: Currency: Round to: 2 decimal places.
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