A firm that is considering purchasing a piece of equipment that costs $10 million. The equipment is expected to have a 4-year lifetime with no salvage value and will be depreciated on a straight-line basis. The project is expected to generate revenues of $6.2 million each year and have operating expenses (not including depreciation) equaling 30 percent of revenues. If the tax rate is 25%. What is the net cash flow in year 1? (choose the closest answer choice) Multiple Choice O O O 3.46M 184M 1.38M 3.88M