A company purchases a new piece of equipment at a cost of $$5$ million. On top of itthe company must pay $$16,010$ for delivery and installation. Finally, an additional $$1\mathrm{.}1$million will have to be spent to build the room where the machine will be locatedCompute the yearly depreciation expenses in dollars assuming that the machine willast $8$ years and using straight$-$line depreciation. $($Round your answer to two decimalplaces$)$

Why the answer is

$627,001\mathrm{.}25$