Daily Enterprises is purchasing a $ 10.5

$10.5 million machine. It will cost $ 50 comma 000

$50,000 to transport and install the machine. The machine has a depreciable life of five years usingstraight-line depreciation and will have no salvage value. The machine will generate incremental revenues of $ 4.2

$4.2 million per year along with incremental costs of $ 1.4

$1.4 million per year.Daily's marginal tax rate is 35 %

35%. You are forecasting incremental free cash flows for Daily Enterprises. What are the incremental free cash flows associated with the newmachine?

The free cash flow for year 0 will be $

. (Round to the nearestdollar.)