Daily Enterprises is purchasing an $8 million machine. It will cost $100,000 to transport and install the machine. The machine has a depreciable life of five years using the straight-line depreciation and will have a market value of $1 million after the 5th year. The machine will generate incremental revenues of $5.0 million per year along with incremental costs of $2.4 million per year. Dailys marginal tax rate is 30%, and the firm will run the project for 5 years. If the cost of capital is 11%, what is the NPV for this project?

Question 23 options:

	$796,987
	$845,979
	$838,154
	$794,436
	$907,411