Caspian Sea Drinks is considering the purchase of a new water filtration system produced by Rube Goldberg Machines. This new equipment, the RGM-7000, will allow Caspian Sea Drinks to expand production. It will cost $12.00 million fully installed and will be fully depreciated over a 20.00 year life, then removed for no cost. The RGM-7000 will result in additional revenues of $3.32 million per year and increased operating costs of $727,114.00 per year. Caspian Sea Drinks' marginal tax rate is 21.00%. The incremental cash flows for produced by the RGM-7000 are _____. Answer format: Currency: Round to: 2 decimal places.

show this method also if applicable

Incremental cash flow = (Revenue - costs - depreciation)(1 - tax) + depreciation