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Raiders Restaurant is considering the purchase of a $ 1 0 , 0 0 0 , 0 0 0 flat - top grill. The grill

Raiders Restaurant is considering the purchase of a $10,000,000 flat-top grill. The grill has an economic life of 6 years and will be fully depreciated using the straight-line method. The grill is expected to produce 600,000 tacos per year for the next 6 years, each taco costing $4 to make and priced at $11. Assume the discount rate is 12% and the tax rate is 21%. The restaurant expects the market value of the grill to be $0,6 years from now.
Calculate the book value of the grill at the end of year 3.(Round to 2 decimals) Calculate the operating cash flow at the end of year 4.

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