Daily Enterprises is purchasing a $$10\mathrm{.}2$ million machine. It will cost $$51,000$ to transport and install

the machine. The machine has a depreciable life of $5$ years and will have no salvage value. The

machine will generate incremental revenues of $$3\mathrm{.}8$ million per year along with incremental costs of

$$1\mathrm{.}1$ million per year. If Daily's marginal tax rate is $21\%,$ what are the incremental earnings $($net

income$)$ associated with the new machine?

The annual incremental earnings are $$.($Round to the nearest dollar.$)$