) The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of $ 3 million per year.

) The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of $ 3 million per year. The project will also involve annual cash expenses (including both fixed and variable costs) of $ 900,000, while increasing depreciation by $ 400,000 per year. If the firm’s tax rate is 34% what is the project’s estimated net operating profit after taxes? What is the project’s annual operating cash flows?