(Calculating operating cash flows) Assume that a new project will annually generate revenues of $2,600,000 and cash expenses, (including both fixed and variable cost) of $900,000, while increasing depreciation by $210,000 per year. In addition, l the firm's tax rate is 38 percent. Calculate the operating cash flows for the new project.

The firms operating cash flows are $ ?______ ( round to the nearest Dollar)