(Related to Checkpoint 12.1) (Calculating operating cash flows) Assume that a new project will annually generate revenues of $2,300,000 and cash expenses (ncluding both fixed and variable costs) of $500,000, white increasing depreciation by $170,000 per year. In addition, the firm's tax rate is 37 percent. Calculate the cperating cash flows for the new project The firm's operating cash fiows are 5 (Round to the nearest dollar.)