Daily Enterprises is purchasing a $10.54 million machine. It will cost $69,621.00 to transport and install the machine. The machine has a depreciable life of five years using the straight-line depreciation and will have no salvage value. The machine will generate incremental revenues of $4.29 million per year along with incremental costs of $1.19 million per year. Daily’s marginal tax rate is 38.00%.The cost of capital for the firm is 11.00%.(answer in dollars..so convert millions to dollars)The project will run for 5 years. What is the NPV of the project at the current cost of capital?

Daily Enterprises is purchasing a $10.54 million machine. It will cost $69,621.00 to transport and install the machine. The machine has a depreciable life of five years using the straight-line depreciation and will have no salvage value. The machine will generate incremental revenues of $4.29 million per year along with incremental costs of $1.19 million per year. Daily’s marginal tax rate is 38.00%.The cost of capital for the firm is 11.00%.(answer in dollars..so convert millions to dollars)The project will run for 5 years. What is the NPV of the project at the current cost of capital?

Daily Enterprises is purchasing a $10.54 million machine. It will cost $69,621.00 to transport and install the machine. The machine has a depreciable life of five years using the straight-line depreciation and will have no salvage value. The machine will generate incremental revenues of $4.29 million per year along with incremental costs of $1.19 million per year. Daily’s marginal tax rate is 38.00%.The cost of capital for the firm is 11.00%.(answer in dollars..so convert millions to dollars)The project will run for 5 years. What is the NPV of the project at the current cost of capital?