(Calculating operating cash flows)The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of $2,700,000 per year. The project will also involve annual cash expenses (including both fixed and variable costs) of $1,050,000, while increasing depreciation by $420,000 per year.

If the firm's tax rate is 36 percent, what is the project's estimated net operating profit after taxes?

What is the project's annual operating cash flow?