A new machine costing $1,750,000 is considered three-year property and is being depreciated using the four MACRS rates provided below. The machine will produce $1,575,000 in annual revenues and $787,500 in annual cash expenses. Assume a 35% tax rate. What is the operating cash flow in year 3 (round to the nearest dollar)?

MACRS Rate - Year 1: 33.33%

MACRS Rate - Year 2: 44.45%

MACRS Rate - Year 3: 14.81%

MACRS Rate - Year 4: 7.41%

$427,586

$466,489

$557,261

$602,586

$742,114