Daily Enterprises is purchasing a $ $10\mathrm{.}0$ million machine. It will cost $ $50$ comma $000$ 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 $ $4\mathrm{.}0$ million per year along with incremental costs of $ $1\mathrm{.}2$ million per year. If$$ Daily's marginal tax rate is $21\%,$ what are the incremental earnings$($net income$)$ associated with the new$$ machine?

The annual incremental earnings are: