Incremental operating cash inflows$-$Expense reduction Miller Corporation is considering replacing a machine. The replacement will reduce operating expenses $($that is$,$ increase earnings

before depreciation, interest, and taxes$)$ by $$17,000$ per year for each of the $5$ years the new machine is expected to last. Although the old machine has zero book value, it can be used for $5$ more years. The

depreciable value of the new machine is $$42,000.$ The firm will depreciate the machine under MACRS using a $5-$year recovery $$ and is subject to a $40\%$ tax rate. Estimate the incremental operating cash

inflows generated by the replacement. $($Note: Be sure to consider the depreciation in year $6.)$

Find the incremental operating cash inflows generated by the replacement for year $1$ below. $($Round to the nearest dollar.$)$