Daily Enterprises is purchasing a $ $10\mathrm{.}3$ million machine. It will cost $$46,000$ 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 $ $3\mathrm{.}8$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?