Bewcastle Oil Service Technologies is evaluating a new project that requires $1.200,000 in new equipment Bewcastle estimates that the new project will generate $1.400,000 in annual sales at the end of each of the next four years and that total operating costs (variable and fixed costs excluding depreciation) will equal $600,000 Suppose that the firm depreciates the equipment using the straight-line method over four years and the firm's tax rate is 40%. If the projects required return is 10%, what is the total present value of the annual operating cash flows received over the project's four-year life? THIS IS ASKING FOR THE PV OF THE ANNUAL OPERATING CASH FLOWS, NOT NPV. 0 1,901,919 1861,467 1851467 O 1.943.832