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18 Summer Tyme, Inc., is considering a new 5-year expansion project that requires an initial fixed asset investment of $5.508 million. The fixed asset will

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18 Summer Tyme, Inc., is considering a new 5-year expansion project that requires an initial fixed asset investment of $5.508 million. The fixed asset will be depreciated straight-line to zero over its 5-year tax life, after which time it will be worthless. The project is estimated to generate $4,896,000 in annual sales, with costs of $1,958,400. Oints Required: If the tax rate is 32 percent, what is the OCF for this project? Skipped eBook Multiple Choice Print $2,467,584 References O $1,248,480 $2,232,576 $2,350,080 $2,937,600

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