3. A project requires the purchase (in year 0) of a machine for $476,000. The firm will depreciate the machine to zero salvage value over its life of 9 years. The project will also generate incremental revenue and expenses of $317,000 and $148,000 each of years 1 through 9. The firm's marginal tax rate is 17%. What is the project's incremental after-tax earnings in year 1? Round your answer to the nearest dollar