Assume that a new project will annually generate revenues of$2100000 and cash expenses (including both fixed and
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Assume that a new project will annually generate revenues of$2100000 and cash expenses (including both fixed and variable costs) of $600000, while increasing depreciation by$230000 per year. In addition, the firm's tax rate is 36 percent. Calculate the operating cash flows for the new project.
The firm's operating cash flows are $______
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