1. Coca-Cola is considering the purchase of a new water filtration system produced by Rube Goldberg Machines. This new equipment, the RGM-7000, will allow Coca-Cola to expand production. It will cost $12 million fully installed and will be fully depreciated over a 19 year life, then removed for no cost. The RGM-7000 will result in additional revenues of $2.54 million per year and increased operating costs of $715,228 per year. Coca-Cola's marginal tax rate is 27%. The incremental cash flows for produced by the RGM-7000 are _____. Currency: Round to: 2 decimal places.