2. A mining operation anticipates sales revenues of S 12 670 000 during a particular year. The following deductions are allowed in determining taxable income for the year. Operating costs Depreciation allowance Depletion allowance S3 700 000 S 2 120 000 S 1 800 000 The tax rate is 55% of the taxable income. Capital expenditures of $ 925 000 are expected dur- ing the year. What is the anticipated after-tax cash flow of the mining operation for the year? (15 points)