Daily Enterprises is purchasing a $ 9.7 million machine. It will cost $ 55 comma 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 $ 1.5 million per year. If Daily's marginal tax rate is 35 %, what are the incremental earnings (net income) associated with the new machine?

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