Keiper, Inc. is considering a new three-year expansion project that requires an initial fixed asset investment of $2.9 million. The fixed asset will be deprecaited straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2,190,000 in annual sales, with costs of $815,000. If the tax rate is 35 percent, what is the OCF for this proeject?

Sales, Costs, Depreciation, EBT, Taxes, and Net Income need to be shown in the formula.