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Hubrey Home Inc. is considering a new three - year expansion project that requires an initial fixed asset investment of $ 2 . 9 million.

Hubrey Home Inc. is considering a new three-year expansion project that
requires an initial fixed asset investment of $2.9 million. The fixed 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 salvage value equal to its UCC. The project is
estimated to generate $2,550,000 in annual sales, with costs of $808,000. If
the tax rate is 35%, what is the OCF for each year of this project? (Enter the
answers in dollars. Do not round your intermediate calculations. Round the
final answers to 2 decimal places. Omit $ sign in your response.)
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