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P10-9 Calculating Project OCF [LO1] Quad Enterprises is considering a new 6-year expansion project that requires an initial fixed asset investment of $4.914 million. The

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P10-9 Calculating Project OCF [LO1] Quad Enterprises is considering a new 6-year expansion project that requires an initial fixed asset investment of $4.914 million. The fixed asset wil be depreciated straight-line to zero over its 6-year tax life, after which time it will be worthless. The project is estimated to generate $4,368,000 in annual sales, with costs of $1,747.200. If the tax rate is 23 percent, what is the OCF for this project? Multiple Choice $2,316,705 $2,206,386 $2,096,067 $2,620,800 $1,387386

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