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Project Q is expected to produce and sell 600,000 units per year, priced at $249.99. The costs of producing are estimated to be $180.64 per

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Project Q is expected to produce and sell 600,000 units per year, priced at $249.99. The costs of producing are estimated to be $180.64 per unit. The equipment and project will last for 7 years. Annual operating expenses are estimated to be $18 million per year. The initial cost of machinery for Project Q is $130 million and will last for 7 years. Calculate the Year 1 Incremental EBIT produced by Project Q. (answer in millions using 2 decimal places or more: Example; $1,234,567 should be entered as 1.23,$9,876,543 should be entered as 9.88 or 9.876 ) Margin of Error =0.01

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