(Related to Checkpoint 12.1) (Calculating operating cash flows) Assume that a new project will annually generate revenues of $1,800,000 and cash exper (including both fixed and variable costs) of $800,000, while increasing depreciation by $230,000 per year. In addition, the firm's tax rate is 38 percent. Calculat operating cash flows for the new project. The firm's operating cash flows are $(Round to the nearest dollar.)