Question: PLEASE ANSWER BOTH ROUNDED & NOT ROUNDED ANSWER SHOWN CLEARLY (Related to Checkpoint 12.1) (Calculating operating cash flows) Assume that a new project will annually

PLEASE ANSWER BOTH ROUNDED & NOT ROUNDED ANSWER SHOWN CLEARLY PLEASE ANSWER BOTH ROUNDED & NOT ROUNDED ANSWER SHOWN CLEARLY (Related to

(Related to Checkpoint 12.1) (Calculating operating cash flows) Assume that a new project will annually generate revenues of $2,300,000 and cash expenses (including both fixed and variable costs) of $1,100,000, while increasing depreciation by $170,000 per year. In addition, the firm's tax rate is 37 percent. Calculate the operating cash flows for the new project. The firm's operating cash flows are $ (Round to the nearest dollar.)

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