Billingham Packaging is considering expanding its production capacity by purchasing a new machine, the XC$-750.$ The cost of the XC$-750$ is $$2\mathrm{.}75$ million.

Unfortunately, installing this machine will take several months and will partially disrupt production.

The firm has just completed a $$50,000$ feasibility study to analyze the decision to buy the XC$-750,$ resulting in the following estimates:

Marketing: Once the XC$-750$ is operating next year, the extra capacity is expected to generate $$10$ million per year in additional sales, which will continue for the $10-$year life of the machine.

The increased production will require additional inventory on hand of $$1$ million to be added in year $0$ and depleted in year $10.$

Human Resources: The expansion will require additional sales and administrative personnel at a cost of $$2$ million per year.

Billingham's marginal corporate tax rate is $15\%.$

Determine the incremental earnings from the purchase of the XC$-750$ and fill in the table: