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Daily Enterprises is purchasing a $10.31 million machine. It will cost $67,456.00 to transport and install the machine. The machine has a depreciable life of

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Daily Enterprises is purchasing a $10.31 million machine. It will cost $67,456.00 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 $4.05 million per year along with incremental costs of $1.12 million per year. Daily's marginal tax rate is 37.00%. 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? Answer format: Currency: Round to: 2 decimal places

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