Esfandairi Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2,750,000.$

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 $$2,950,000$ in annual sales, with costs of $$1,970,000.$ If the tax rate is $22$ percent, what is the OCF for this

project?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

OCF