(Calculating operating cash flows) Assume that a new project will annually generate revenues of $2,600,000. Cash expenses including both fixed and variable costs will be 700,000, and depreciation will increase by 300,000 per year. In addition, let's assume that the firm's marginal tax rate is 31 percent. Calculate the operating cash flows.

What is the firm's operating cash flows?

$______(Round to the nearest dollar.)

Chow) w 2.000.000 pencing both as an articles wieder nors by 300.000 Beya procesa ng ito Wiurintmlaarayat town Ufound to the