Question 1 A machine purchased for $1,000,000 with a life of 10 years, generates annual revenues of $300,000 and operati

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Question 1
A machine purchased for $1,000,000 with a life of 10 years,
generates annual revenues of $300,000 and operating expenses of
$100,000. Assume that machine will be depreciated over 10 years
using straight-line depreciation with zero balance at the end of
the life. The corporate tax rate is 30%.