Daily Enterprises is purchasing a

$10.5

million machine. It will cost

$47,000

to transport and install the machine. The machine has a depreciable life of five years and will have no salvage value. The machine will generate incremental revenues of

$4.1

million per year along with incremental costs of

$1.3

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

$enter your response here.

(Round to the nearest dollar.)