P10-9 Calculating Project OCF [LO1] Quad Enterprises is considering a new 6-year expansion project that requires an initial fixed asset investment of $3.24 million. The fixed asset will 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 $2,880,000 in annual sales, with costs of $1,152,000. If the tax rate is 23 percent, what is the OCF for this project? Multiple Choice $914,760 $1,454,760 $1,728,000 $1,527,498 $1,382,022