The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of

$3,400,000

per year. The project will also involve annual cash expenses (including both fixed and variable costs) of

$600,000,

while increasing depreciation by

$410,000

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?

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Part 1

At a tax rate of

32%,

the project's estimated net operating profit after taxes (NOPAT) is

$enter your response here.

(Round to the nearest dollar.)