Down Under Boomerang, Inc. is considering a new three- year expansion project that requires an initial fixed asset investment of $2.7 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which it will be worthless. The project is estimated to generate $2,400,000 in annual sales, with costs of $960,000. If the tax rate is 35 percent, what is the annual OCF for this project? (Select the range that includes the correct solution.) Less $1,000,000 Greater than or equal to $1,000,000 but less than $1,100,000 Greater than or equal to $1,100,000 but less than $1,200,000 Greater than or equal to $1,200,000 but less than $1,300,000 Greater than or equal to $1,300,000