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Daily Enterprises is purchasing a $ 1 0 . 4 2 million machine. It will cost $ 6 1 , 9 9 8 . 0

Daily Enterprises is purchasing a $10.42 million machine. It will cost $61,998.00 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 $4.18 million per year along with incremental costs of $1.41 million per year. Daily's marginal tax rate is 38.00%.
The cost of capital for the firm is 12.00%.
(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?
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