Daily Enterprises is purchasing a$$9\mathrm{.}8$million machine. It will cost$$46,000$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$$4\mathrm{.}1$million per year along with incremental costs of$$1\mathrm{.}2$million per year. If$$Daily$\text{'}$s marginal tax rate is$21\%,$what are the incremental earnings$($net income$)$ associated

with the new$$machine$?$