Calculating operating cash​ flows) The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of ​$3,000,000 per year. The project will also involve annual...

Calculating operating cash​ flows)

The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of ​$3,000,000 per year. The project will also involve annual cash expenses​ (including both fixed and variable​ costs) of ​$900,000​, while increasing depreciation by ​$400,000 per year.

If the​ firm's tax rate is 34​%, the​ project's estimated net operating profit after taxes​ (NOPAT) is ​$

(Round to the nearest​ dollar.)

What is the​ project's annual operating cash​ flow?