(Calculating operating cash flows) The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of $3,200,000 per year. The project will also involve annual cash expenses (including both fixed and variable costs) of $600,000, while increasing depreciation by $450,000 per year. If the firm's tax rate is 35 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 35%, the project's estimated net operating profit after taxes (NOPAT) is $ (Round to the nearest dollar.)