A company is considering a capital project that will increase Sales Revenue by $2,000,000 per year. The project will also cause COGS Expense to rise by $400,000 each year. In addition, Depreciation Expense will go up by $150,000 per year, and Selling, General & Administrative Expenses will increase $550,000 per year. The company's marginal tax rate is 35%. What is the annual after-tax operating cash flow to be generated by the project?