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Esfandairi Enterprises is considering a new three-year expansion project that requires initial fixed asset investment of $2.42 million. The fixed asset will be depreciat straight-line

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Esfandairi Enterprises is considering a new three-year expansion project that requires initial fixed asset investment of $2.42 million. The fixed asset will be depreciat straight-line to zero over its three-year tax life, after which time it will be worthless. T project is estimated to generate $1,690,000 in annual sales, with costs of $655,000 the tax rate is 21 percent, what is the OCF for this project? (Do not round intermedia calculations and enter your answer in dollars, not millions of dollars, rounded to t nearest whole number, e.g., 1,234,567

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