A company is considering an investment project that generates an estimated EBIT of $800,000 a year. The companys marginal tax rate is 34%, and the project would require no additional investment in NWC. The depreciation expense per year is $500,000, and additional capital investment of $600,000 a year is needed to make the production run smoothly. What is the operating cash flow and free cash flow per year for the project, assuming the company has no debt?