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Daily Enterprises is purchasing a $9.7 milion machine. It will cost $52,000 to transport and install the machine. The machine has a depreciable life of

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Daily Enterprises is purchasing a $9.7 milion machine. It will cost $52,000 to transport and install the machine. The machine has a depreciable life of five years using straight-line depreciation and will have no salvage value. The machine will generate incremental revenues of 844 milion per year along with incremental costs of $12 million per year. Dalys marginal tax rate is 3%. You are forecasting incremental free cash flows for Daily Enterprises. What are the incremental tree cash flows associated with the new machine? The tree cash fow for your will be $1.960.400) Round to the nearest dollar)

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