Daily Enterprises is purchasing a $4.1 million machine. It will cost $66,000 to transport and install the machine. The machine has a depreciable life of six years and will have no salvage value. The machine will generate incremental revenues of $2.2 million per year. In addition, there will be a incremental cost of sales of $0.9 million per year, as well as $0.5 million per year in operating expenses. If Daily's marginal tax rate is 30%, what are the incremental earnings (net income) associated with the new machine