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10. Calculating Project OCF Bush Boomerang, Inc., is considering a new three- year expansion project that requires an initial fixed asset investment of $2.1 mil-

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10. Calculating Project OCF Bush Boomerang, Inc., is considering a new three- year expansion project that requires an initial fixed asset investment of $2.1 mil- lion. 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 gener- ate $1,900,000 in annual sales, with costs of $850,000. If the tax rate is 35 per- cent, what is the OCF for this project

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