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Input area: begin{tabular}{|lr|} hline Asset investment & $2,180,000 Estimated annual sales & $1,645,000 Costs & $610,000 Tax rate & 21% Project

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Input area: \begin{tabular}{|lr|} \hline Asset investment & $2,180,000 \\ Estimated annual sales & $1,645,000 \\ Costs & $610,000 \\ Tax rate & 21% \\ Project and asset life & 3 \\ \hline \end{tabular} (Use cells A6 to B10 from the given information to complete this question.) Output area: \begin{tabular}{|lrr|} \hline Sales & & $1,645,000 \\ Costs & & $610,000 \\ Depreciation & & 726,667 \\ EBT & & \\ Taxes & & \\ Net income & & \\ OCF & \\ \hline \end{tabular} Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.18 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 $1.645 million in annual sales, with costs of $610,000. If the tax rate is 21 percent, what is the OCF for this project

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