Daily Enterprises is purchasing a $$$$9\mathrm{.}6$ million machine. It will cost $$$$49$ comma $000$ to transport and install the machine. The machine has a depreciable life of $55$ years and will have no salvage value. The machine will generate incremental revenues of $$$$4\mathrm{.}2$ million per year along with incremental costs of $$$$1\mathrm{.}4$ million per year. If$$ Daily's marginal tax rate is $20\%,$ what are the incremental earnings$($net income$)$ associated with the new$$ machine?

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Part $1$

The annual incremental earnings are $$$enter your response here. $($Round to the nearest$$ dollar.$)$