$1.$ You purchased a machine for $$$$1\mathrm{.}00$ million three years ago and have been applying$$ straight$-$line depreciation to zero for a$$ seven$-$year life. Your tax rate is $21\%.$ If you sell the machine today$($after three years of$$ depreciation$)$ for $$$$700,000\mathrm{.}00$ what is your incremental cash flow from selling the$$ machine? $2.$Daily Enterprises is purchasing a $$$$10\mathrm{.}3$ million machine. It will cost $$$$55,000$ to transport and install the machine. The machine has a depreciable life of $5$ years using$$ straight$-$line depreciation and will have no salvage value. The machine will generate incremental revenues of $$$$4\mathrm{.}4$ million per year along with incremental costs of $$$$1\mathrm{.}4$ million per year.$$ Daily's marginal tax rate is $25\%.$ You are forecasting incremental free cash flows for Daily Enterprises. What are the incremental free cash flows associated with the new$$ machine?