What is the ocf for this project

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Question - Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.37 million. The fixed asset will be depreciated straight- line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $1,675,000 in annual sales, with costs of $645,000. If the tax rate is 21 percent, what is the OCF for this project?

Reference no: EM133155477

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