A company is considering a new three-year expansion project that requires an initial fixed asset investment of $2.7 million. The fixed asset will be depreciated straight line to zero over its three-year tax life, after which time it will be worthless. The project is expected to generate $2,400,000 in sales, with costs of $960,000. If the tax rate is 35%, what is the annual operating cash flow for this project? $987,000 $1,080,010 $1,251,000 $1,344,100