Chauhan Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2\mathrm{.}38$ 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 $$1,678,000$ in annual sales, with costs of $$647,000.$ If the tax rate is $22$ percent, what is the OCF for this project?