Question content area top Part 1 Daily Enterprises is purchasing a $10.2 million machine. It will cost $52,000 to transp

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Question content area top
Part 1
Daily Enterprises is purchasing a
$10.2
million machine. It will cost
$52,000
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
$3.8
million per year along with incremental costs of
$1.2
million per year. If​ Daily's marginal tax rate is
35%​,
what are the incremental earnings​ (net income) associated
with the new​ machine?
Question content area bottom
Part 1
The annual incremental earnings are
​$enter your response here.
​(Round to the nearest​ dollar.)