B12-13 (book/static) Question Help (Calculating operating cash flows) The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of $3,000,000 per year. The project will also involve annual cash expenses (including both fixed and variable costs) of $900,000, while increasing depreciation by $400,000 per year. If the firm's tax rate is 34 percent, what is the project's estimated net operating profit after taxes? What is the project's annual operating cash flow? At a tax rate of 34%, the project's estimated net operating profit after taxes (NOPAT) is $ (Round to the nearest dollar.)