GCQ Company is considering the sale of a new sound board used in recording studios. The new board would sell for $28,215, and the company expects to sell 1,447 per year. The company currently sells 1,985 units of its existing model per year. If the new model is introduced, sales of the existing model will fall by 325 units per year. The old board retails for $20,900. Variable costs are 55 percent of sales, depreciation on the equipment to produce the new board will be $1,898,154 per year, and fixed costs are $2,395,561 per year. If the tax rate is 34 percent, what is the annual OCF for the project? Answer in dollars to two decimals.

The correct answer is 9,172,580. Please explain in detail how you reached that answer.

In response to expert question: The above is the correct answer as it was given to me upon completion of my HW. Since your answer isn't matching the correct answer. Please assign this to a different expert.