A company plans to make a new product that requires new equipment costing $1,600,000. Both the product and equipment have a life of four years. The equipment will be depreciated on a straight-line basis, with no expected salvage value. The annual income statement for the product is given below. Revenues $1,800,000 Less: Cash operating expenses (750,000) Depreciation (600,000) Income before income taxes $450,000 Less: Income taxes (@ 40%) 180,000 $270,000 < Year (1 t)Ra tNC Net income Required: Calculate the annual operating after-tax cash flow by completing the following table. Enter amounts that represent cash outflows as negative numbers. -(1-t)cb CF 1 $ 2 1,080,000 $ 1,080,000 $ 3 1,080,000 $ -450,000 $ -450,000 -450,000 240,000 X $ -240,000 X -240,000 X -870,000 X -870,000 X -870,000 X 4 1,080,000 $ -450,000 V -240,000 X -870,000 X aR = Revenue. bc = Cash operating expenses.