Question: (Calculating operating cash flows) Assume that a new project will annually generate revenues of $2,200,000. Cash expenses including both fixed and variable costs will be

(Calculating operating cash flows) Assume that a new project will annually generate revenues of $2,200,000. Cash expenses including both fixed and variable costs will be $700,000, and depreciation will increase by $260,000 per year. In addition, let's assume that the firm's marginal tax rate is 31 percent. Calculate the operating cash flows. What is the firm's operating cash flows? $ (Round to the nearest dollar.)
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