Planet Enterprises is purchasing a $10.4 million machine. It will cost $54000 to transport and install the machine. The machine has a depreciable life of five years usingstraight-line depreciation and will have no salvage value. The machine will generate incremental revenues of $4.2 million per year along with incremental costs of $1.1 million per year.Planet's marginal tax rate is 30%. You are forecasting incremental free cash flows for Daily Enterprises. What are the incremental free cash flows associated with the newmachine?

The free cash flow for year 0 will be $ ...................... (Round to the nearestdollar.)

The free cash flow for years 1-5 will be $ ...................... (Round to the nearestdollar.)