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Daily Enterprises is purchasing a $ 9.8$9.8 million machine. It will cost $ 51 comma 000$51,000 to transport and install the machine. The machine has

Daily Enterprises is purchasing a

$ 9.8$9.8

million machine. It will cost

$ 51 comma 000$51,000

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$4.1

million per year along with incremental costs of

$ 1.4$1.4

million per year. If Daily's marginal tax rate is

35 %35%,

what are the incremental earnings (net income) associated with the new machine?

The annual incremental earnings are

$nothing .

(Round to the nearest dollar.)

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