Hoover Publishing is trying to estimate the Year $1$ operating cash flow for a proposed project. The assets required for the project were fully depreciated at the time of purchase. The financial staff has collected the following information:

Sales revenues $$13\mathrm{.}1$ million

Operating costs $6\mathrm{.}7$ million

Interest expense $1\mathrm{.}8$ million

Hoover has also determined that this project would cannibalize one of its other projects by $$1\mathrm{.}3$ million of cash flow $($before taxes$)$ per year. The firm has a $35$ percent tax rate, and its WACC is $12$ percent. Calculate the project$$s operating cash flow for Year $1.***$PLEASE SHOW HOW TO SOLVE WITHOUT EXCEL$***$ANSWER IS E$.$ $$3,315,000.$ JUST NEED TO KNOW HOW TO GET THAT ANSWER!!!