$($Calculating operating cash flows$)$ The Heritage Farm Implement

Company is considering an investment that is expected to generate

revenues of $$3,500,000$ per year. The project will also involve annual

cash expenses $($including both fixed and variable costs$)$ of $$800,000,$

while increasing depreciation by $$350,000$ per year. If the firm's tax rate

is $30$ 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 $30\%,$ the project's estimated net operating profit after

taxes $($NOPAT$)$ is $

$($Round to the nearest dollar.$)$