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5.

(Related to Checkpoint 12.1) (Calculating operating cash flows) Assume that a new project will annually generate revenues of $2,300,000 and cash expenses (including both fixed and variable costs) of $1.050,000, while increasing depreciation by $190,000 per year. In addition, the firm's tax rate is 36 percent. Calculate the operating cash flows for the new project The firm's operating cash flown are $ (Round to the nearost dollar) (Calculating operating cash flows) The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of $3,300,000 per year. The project will also involve annual cash expenses (including both fixed and variable costs) of $1.200,000, while increasing depreciation by $420,000 per year if the firm's tax rate is 31 percent, what is the project's estimated net operating profit after taxes? What is the project's annual operating cash flow? At a tax rate of 31%, the project's estimated net operating profit after taxes (NOPAT) $ . (Round to the nearest dollar)