Daily Enterprises is purchasing a $10.1 million machine. It will cost $ 53,000 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 $1.3 million per year. If? Daily's marginal tax rate is 35%?, what are the incremental earnings? (net income) associated with the new?machine?

The annual incremental earnings are $______ (Round to the nearest? dollar.)