Cochrane, Inc., is considering a new three$-$year expansion project that requires an initial fixed asset

investment of $$2\mathrm{.}1$ 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 $$2,150,000$ in annual sales,

with costs of $$1,419,414.$

Required:

If the tax rate is $35$ percent, what is the OCF for this project? $($Do not include the dollar sign $($$$).$ Enter

your answer in dollars$($e$.$g$.,1,234,567),$ not millions of dollars.$)$