Daily Enterprises is purchasing a $$$$9\mathrm{.}7$ million machine. It will cost $$$$54,000$ to transport and install the machine. The machine has a depreciable life of $55$ years and will have no salvage value. The machine will generate incremental revenues of $$$$4\mathrm{.}2$ million per year along with incremental costs of $$$$1\mathrm{.}1$ million per year. If$$ Daily's marginal tax rate is $20\%,$ what are the incremental earnings$($net income$)$ associated with the new$$ machine?