(2) A project requires the purchase (in year 0) of a machine for $289,000. The firm will depreciate the machine to zero salvage value over its life of 7 years. The project will also generate incremental revenue and expenses of $360,000 and $166,000 each of years 1 through 7. The firm's marginal tax rate is 19%. What is the project's incremental EBIT in year 1? Round your answer to the nearest dollar.