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Huerter Treys is considering a new three year expansion project that requires an initial fixed asset investment of $1.80 million. The fixed asset will be

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Huerter Treys is considering a new three year expansion project that requires an initial fixed asset investment of $1.80 million. 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 $1,300,000 million in annual sales, with costs of $500,000. If the tax rate is 21 percent, what is the OCF for this project? (Do not round intermediate calculations)

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