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A firm is considering a new three-year expansion project that requires an initial fixed asset investment of $8.2 million. The fixed asset will be depreciated

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A firm is considering a new three-year expansion project that requires an initial fixed asset investment of $8.2 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 $14.9 in annual sales, with costs of $8.3. If the tax rate is 20 percent, what is the OCF for this project in millions? Answer to three decimal places. e.g. 11.123

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