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newco is looking at expanding its business to include bitcoin mining, and change their name to BitCo. They will need to purchase 3 0 0
newco is looking at expanding its business to include bitcoin mining, and change their name to BitCo. They will need to purchase worth of mining machines. It is estimated that these machines will generate in revenue per day. The machines will require days of maintenance per year, during which time they will not produce any revenue. Newco estimates that the machines will cost per day of operation. BitCo also has to pay a commission of penny per dollar of revenue. Bitco has a cost of capital and a tax rate. The machines can be sold for of the original cost after years. The machines will be using straight line depreciation over years.
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