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Home Inc. is considering a new three - year expansion project that requires an initial fixed asset investment of $ 4 . 4 mil asset

Home Inc. is considering a new three-year expansion project that requires an initial fixed asset investment of $4.4 mil asset falls into Class 10 for tax purposes (CCA rate of 30% per year), and at the end of the three years can be sold for a equal to its UCC. The project is estimated to generate $2,700,000 in annual sales, with costs of $855,000. If the tax ra is the OCF for each year of this project? (Enter the answers in dollars. Do not round your intermediate calculations. answers to 2 decimal places. Omit $ sign in your response.)
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