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Daily Enterprises is purchasing a $ 1 0 . 3 million machine. It will cost $ 5 2 , 0 0 0 to transport and

Daily Enterprises is purchasing a $10.3 million machine. It will cost $52,000 to transport and install the machine. The
machine has a depreciable life of five years using straight-line depreciation and will have no salvage value. The machine
will generate incremental revenues of $4.3 million per year along with incremental costs of $1.3 million per year. Daily's
marginal tax rate is 35%. You are forecasting incremental free cash flows for Daily Enterprises. What are the incremental
free cash flows associated with the new machine?
The free cash flow for year 0 will be $.(Round to the nearest dollar.)
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