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Question 3 1 pts Company X is purchasing a $8.90 million machine. It will cost $1.10 million to transport and install the machine. The machine

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Question 3 1 pts Company X is purchasing a $8.90 million machine. It will cost $1.10 million to transport and install the machine. The machine has a depreciable life of 4 years, it will be fully depreciated using straight-line depreciation, and will have no salvage value. The machine will generate incremental revenues of $3.20 million per year along with incremental costs of $1.60 million per year. Company X's tax rate is 20%. What is the incremental free cash flows for Company X at time 0? O $-0.50 million O $1.78 million O $-8.90 million O $-10.00 million

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