Hadley Biochemical Inc is considering a new pharmaceutical project that will go on for $2$ years.

The project will require a new building and equipment that will cost $$2,000,000.$ The firm already owns the site that the building will be placed on; it is worth $$300,000$ on the books and its market value is also $$300,000$ currently. The building and equipment will be depreciated together, straight$-$line to a book value of zero over the $2$ years that the project is active. The firm's analysts forecast that the building and equipment will have a salvage value of $$200,000$ at the end of year $2,$ and that the market value of the land will remain unchanged. Hadley Bio Inc expects the project to yield $$3,000,000$ in revenue for each year of operations. The direct cost of operations for this project will be $$1,400,000$ each year. The firm will need to maintain an inventory level equal to$20\%$ of these direct costs each year during operation. In addition, the news of this project has resulted in competitors taking predatory action, costing the firm $$500,000$ in revenue per year in other areas of the firm's business. These predatory actions have already been planned and cannot be undone. Hadley Inc's marginal tax rate is $30$ percent and its cost of capital is $10$ percent. Calculate each capital investment, working capital, and operating cash flow tied to this project and then aggregate them into annual net cash flows for each year for this project.