Daily Enterprises is purchasing a $12,000,000 machine. The machine will be depreciated using straight-line depreciation over its 8 year life and will have no salvage value. The machine will generate revenues of $7,500,000 per year along with fixed costs of $1,000,000 per year.
If Daily's marginal tax rate is 32%, what will be the cash flow in each of years 1 to 8 (the cash flow will be the same each year)? Enter your answer rounded to the nearest whole number.