Your firm purchased machinery with a 7-year MACRS life for $10.8 million. The project, however, will end after 4 years. If the equipment can be sold for $5.3 million at the completion of the project, and your firm's tax rate is 30%, what is the after-tax cash flow from the sale of the machinery? Use MACRS depreciation schedule. (Enter the answer in millions rounded to 4 decimal places.)

provide answer with explantion

1. What is a case and how to defining the Case and Creating Problem Statements? 2. What is Background of the Problem and Problem Statement?

Explain the Relationship to the PW Analysis?