None Daily Enterprises is purchasing a $10.31 million machine. It will cost $55,373.00 to transport and install the machine. Themachine has a depreciable life of five years using the straight-line depreciation and will have no salvage value. Themachine will generate incremental revenues of $4.37 million per year along with incremental costs of $1.23 million peryear. Daily's marginal tax rate is 38.00%.The cost of capital for the firm is 15.00%.(answer in dollars..so convert millions to dollars)What is the yearly cashflow from the project?SubmitAnswer format: Currency: Round to: 2 decimal places.

Answered: Image /qna-images/answer/c0c6cdb7-2adc-49ff-85b4-40b715648199.jpg

Answered: Daily Enterprises is purchasing a…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter9: Capital Budgeting And Cash Flow Analysis

Section: Chapter Questions

Problem 9P

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