A project requires the purchase (in year 0) of a machine for $379,000. The firm will depreciate the machine to zero salvage value over its life of 8 years. The project will also generate incremental revenue and expenses of $346,000 and $188,000 each of years 1 through 8. The firm's marginal tax rate is 24%. What is the project's incremental after-tax earnings in year 1? Round your answer to the nearest penny.