Dr. Magneto is considering opening a private MRI clinic. To start the clinic, Dr. Magneto needs to immediately invest $20,000 in computer equipment. Dr. Magneto also needs to invest in one MRI machine. The MRI machine costs $2.4M. Both assets are in Class 43 with a CCA depreciation rate of 25%. The clinic will charge $600 per scan and Dr. Magneto expects total revenues of $2.217 million per year. Operating expenses, including payroll, supplies and rent, are expected to total $535,000 per year. Assume that all revenues (and expenses) occur at the end of the year. The tax rate is 40%. What are the operating cash flows at the end of Year 1? (Hint: CCA tax shields use the half-year rule in Year 1 calculations). A) $1.094M *$1.130M $1.219M $1.239M $1.751M & E