FIN3610, Inc., is planning to set up a new manufacturing plant in New York to produce safety tools. The company bought some land six years ago for $4.3 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor instead. If the land were sold today, the company would sell for $4,6 million on an after-tax basis. In four years, the land could be sold for 54.8 million after taxes. The company hired a marketing firm to analyze the market at a cost of $250,000. Here is the summary of marketing report: We believe that the company will be able to sell 5,600, 6,300, 7,260, and 5,900 units each year for the next four years, respectively. We believe that $550 can be charged for each unit. We believe at the end of the four year period, sales should be discontinued. The company believes that fixed costs for the project will be $615,000 per year. Variable costs are $462.000, $519.750. 5594,000, 486.750 each year for the next four years, respectively. The equipment necessary for production will cost $2.5 million and will be depreciated according to a three-year MACRS schedule. At the end of the project, the equipment can be scrapped for $450,000 Net working capital of $325,000 will be required immediately. The company has a 21 percent tax rate, and the required return on the project is 9 percent What is the operating cash flow at Year 4? $2,074.260.00 $1,732.070.00 $1,757,352.50 $2,140,150 $2,251,042.50