(Calculating operating cash flows) The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of $3.400.000 per year The project will also involve annual cash expenses (including both fived and variable costs) of $1,050,000, while increasing depreciation by $380.000 per year 1 the firm's tax rate is 29 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 29% the project's estimated net operating profit after taxes (NOPAT) is $ (Round to the nearest dollar) Related to Checkpoint 12.1) (Calculating changes in net operating working capital) Tetious Dimensions is introducing a new product and has an expected change in net operating income of $790,000 Tetious Dimensions has a 31 percent marginal tax rate. This project will also produce $185,000 of depreciation per year. In addition this project will cause the following changes in year 1 Without the Project With the Project Accounts receivable 553 000 586.000 Inventory 94.000 183,000 Accounts payable 69.000 125.000 (Click on the con un order to copy its contents into a spreadsheet) What is the project's free cash flow in year 17 The tree cash flow of the project in year is Round to the nearest dollar