$($Estimated time allowance: $19$ minutes$)$ Funzy corp. has decided to sell a new line of TVs$.$

The firm has also spent $$2$ million in research and development for the new TVs$.$ It is

estimated that the new TVs will sell for $$680$ per unit and have a variable cost of $$400$ per

unit. The firm has spent $$450,000$ in market research for these new TVs$.$ It is concluded in

this study that the firm can easily sell $70,000$ TVs in each of the following ten years. As part

of the research, it was found that the firm is very likely to lose sales of $10,000$ units of its

existing high$-$priced TVs$.$ These TVs currently sell for $$1100$

re variable costs of

$$500.$ On the positive side, the study also revealed that the firm will increase sales of its cheap

TVs by $15,000$ units. The cheap TVs sell for $$280$ and have variable costs of $$100$ per set.

The fixed costs each year will be $$9$ million. Annual depreciation is $$1$ million and there are

no interests expenses. The corporate tax rate is $40\%.$ What is the annual operating cash flow

$($OCF$)?$ Enter your answer en millions, e$.$g$.$ if you obtain $$2,300,000$ then enter $2\mathrm{.}30$ ; if your

answer is $$3,000,000$ then enter $3\mathrm{.}00$