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

$2,550,000

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

$1,100,000,

while increasing depreciation by

$420,000

per year. If the firm's tax rate is

35

percent, what is the project's estimated net operating profit after taxes? What is the project's annual operating cash flow?