A company has new equipment costs of $3 million, which will be depreciated to zero using straight- line depreciation over 8 years. The company expects to bring in revenues of $8 million per year for 8 years with production costs of $1.6 million per year. If the company's tax rate is 39%, what are the incremental earnings (not cash flows) of this project in years 1-8? Enter your answer in dollars and round to the nearest dollar