P12-13 (similar to) Question Help (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 $700,000, while increasing depreciation by $420,000 per year. If the firm's tax rate is 33 percent, what is the project's estimated net operating profit after taxes? What is the project's annual operating cash flow? 509