?(Calculating

operating cash

flows?)

Assume that a new project will annually generate revenues of

$ 2 comma 000 comma 000$2,000,000.

Cash expenses including both fixed and variable costs will be

$ 500 comma 000$500,000?,

and depreciation will increase by

$ 280 comma 000$280,000

per year. In? addition, let's assume that the? firm's marginal tax rate is

3232

percent. Calculate the operating cash flows.

What is the? firm's operating cash? flows?

?$nothing??

?(Round to the nearest? dollar.)