Consider a project with a life of 3 years with the following information: initial fixed asset investment = $320,000; straight-line depreciation to zero over the 3-year life; zero salvage value; price = $31; variable costs = $16; fixed costs = $172,800; quantity sold = 119,232 units; tax rate = 24 percent. How sensitive is OCF to changes in quantity sold?

• $13.00

• $11.40

• $8.09

• $14.71

• $0.09