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Keiper, Inc., is considering a new three-year expansion project that requires an initial xed asset investment of $2.64 million. The fixed asset will be depreciated

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Keiper, Inc., is considering a new three-year expansion project that requires an initial xed asset investment of $2.64 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 $2,060,000 in annual sales, with costs of $755,000. If the tax rate is 35 percent, what is the OCF for this project? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) $ OCF '

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