A firm 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 estimated to generate $2,080,000 in annual sales, with cash operating costs of $775,000. If the tax rate is 35 percent, what is the annual operating cash flow for this project?