Daily Enterprises is purchasing a $10,000,000 machine. The machine will be depreciated using straight-line depreciation over its 8 year life and will have no salvage value. The machine will generate revenues of $7,500,000 per year along with fixed costs of $3,500,000 per year.

If Daily's marginal tax rate is 31%, what will be the cash flow in each of years 1 to 8 (the cash flow will be the same each year)?

Enter your answer rounded to the nearest whole number. (3147500)

If the discount rate is 12%, what is the NPV of the project? The cash flow each year is $3,147,500.

Enter your answer rounded to the nearest whole number. (5635646)

Question: Find the Net Present value Break-even level of revenues, assuming the costs are all fixed costs. Enter your answer rounded to the nearest whole number.

the answer is 5,855,838. How can I get this answer?