The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of $3,100,000 per year. The project will also involve annual cash expenses (including both fixed and variable costs) of $500,000, while increasing depreciation by $420,000 per year. If the firm's tax rate is 32 percent, what is the project's estimated net operating profit after taxes? What is the project's annual operating cash flow?

At a tax rate of 32%, the project's estimated net operating profit after taxes (NOPAT) is $