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Hubrey Home Inc. is considering a new three year project that requires an initial fixed asset investment of $4.7 million. The fixed asset falls into

Hubrey Home Inc. is considering a new three year project that requires an initial fixed asset investment of $4.7 million. The fixed asset falls into class 10 for tax purposes (CCA

rate of 30% per year) and at the end of three years can be told for a salvage value equal to its UCC. The project is estimated to generate $2730000 in annual sales, with costs of

of $864000. If the tax rate is 35%, what is the OCF for each year of this project?

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