Part $1$ of $2$

Points: $0$ of $2$

Daily Enterprises is purchasing a $$9\mathrm{.}9$ million machine. It will cost $$48,000$ to transport and install the machine. The machine has a depreciable life of five years using straight$-$line depreciation and will have no salvage value. The machine will generate incremental revenues of $$3\mathrm{.}9$ million per year along with incremental costs of $$1\mathrm{.}4$ million per year. Daily's marginal tax rate is $21\%.$ You are forecasting incremental free cash flows for Daily Enterprises. What are the incremental free cash flows associated with the new machine?

The free cash flow for year $0$ will be $$,($Round to the nearest dollar$)$

Please anwser both parts of the question.