Calculating Project OCF Esfandairi Enterprises is considering a new three$-$

year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}18$

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 $$1\mathrm{.}645$ million in annual sales, with costs of $$610,000.$ If the tax rate

is $21$ percent, what is the OCF for this project?