Esfandairi 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? $($Do not round intermediate calculations and enter your answer

in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,$

$1,234,567.$

OCF