H. Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,400,000. The fixed 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 $2,530,000 in annual sales, with costs of $1,550,000.If the tax rate is 25 percent, what is the OCF for this project? (Do not round intermediate calculations and round your answerto 2 decimal places,e.g., 32.16.)

OCF =