Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi plans to spend 1.23 milion on TV, radio, and print advertising this year for the campaign. The ads are expected to boost sales of the Mini Mochi Munch by $8.38 million this year and $6.38 milion next year. In addition, the company expects that new consumers who try the Mini Mochi Munch wil be more likely to try Kokomochi's other products. As a result, sales of other products are expected to rise by $2.75 milion each year. Kokomoch's gross profit margin for the Mini Mochi Munch is 33%, and its gross profit margin averages 25% for all other products. The company's marginal corporate tax rate is 35% both this year and next year. What are the incremental earnings associated with the advertising campaign? Note: Assume that the company has adequate positive income to take advantage of the tax benefits provided by any net losses associated with this campaign Calculate the incremental earnings for year 1 below. (Round to three decimal places.) Year 1 $ $ s $ Incremental Earings Forecast (8 milion) Sales of Mini Mochi Munch Other Sales Cost of Goods Sold Gross Profit Seling, General, and Administrative Depreciation EBIT Income Tax at 35% Incremental Earings $ $ $ $ $