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Daily Enterprises is purchasing a $10.42 million machine. It will cost $51,415.00 to transport and install the machine. The machine has a depreciable life
Daily Enterprises is purchasing a $10.42 million machine. It will cost $51,415.00 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 $4.49 million per year along with incremental costs of $1.33 million per year. Daily's marginal tax rate is 34.00%. 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? Attel
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