Daily Enterprises is purchasing a $9.5 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 $4.3 million per year along with incremental costs of $1.3 million per year.

If Daily's marginal tax rate is 35%, what are the incremental earnings (net income) associated with the new machine?

The annual incremental earnings are $_______________. (Round to the nearest dollar.)