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3. Summer Tyme, Inc, is considering a new 5-year expansion project that requires an initial fixed asset investment of $2.916 million. The fixed asset will

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3. Summer Tyme, Inc, is considering a new 5-year expansion project that requires an initial fixed asset investment of $2.916 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 $2,592,000 in annual sales, with costs of $1,036,800. If the tax rate is 33%, what is the OCF for this project

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