20- Project Beta is a 4-year project which requires an initial outlay of $6,000. This outlay will be depreciated using straight-line depreciation over the life of the project. It will generate...

Project Beta is a 4-year project which requires an initial outlay of $6,000.  This outlay will be depreciated using straight-line depreciation over the life of the project.  It will generate incremental revenue of $6000 per year and incremental costs (excluding depreciation) of $1400.  The tax rate is 35%.

What is the project's annual incremental EBIT?