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Esfandairl Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2,850,000. The faxed asset will be depreciated straight-line

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Esfandairl Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2,850,000. The faxed 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 $3,070,000 in annual sales, with costs of $2,090,000. If the tax rate is 24 percent, what is the OCF for this pro,ect? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9. 32.16

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