McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $780 per set and have a variable cost of $364 per set. The company has spent $17,349 for a marketing study that determined the company will sell 5,419 sets per year for seven years. The marketing study also determined that the company will lose sales of 928 sets of its high-priced clubs. The high-priced clubs sell at $1,157 and have variable costs of $663. The company will also increase sales of its cheap clubs by 1,001 sets. The cheap clubs sell for $405 and have variable costs of $254 per set. The fixed costs each year will be $956,302. The company has also spent $109,131 on research and development for the new clubs. The plant and equipment required will cost $2,848,917 and will be depreciated on a straight-line basis. The new clubs will also require an increase in net working capital of $133,677 that will be returned at the end of the project. The tax rate is 28 percent, and the cost of capital is 12 percent. What is the annual OCF for this project?