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Please post step by step instructions so I can understand how to solve the problem! McGilla Golf has decided to sell a new line of

Please post step by step instructions so I can understand how to solve the problem! McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $806 per set and have a variable cost of $401 per set. The company has spent $12864 for a marketing study that determined the company will sell 5269 sets per year for seven years. The marketing study also determined that the company will lose sales of 939 sets of its high-priced clubs. The high-priced clubs sell at $1036 and have variable costs of $680. The company will also increase sales of its cheap clubs by 1069 sets. The cheap clubs sell for $443 and have variable costs of $225 per set. The fixed costs each year will be $947139. The company has also spent $119958 on research and development for the new clubs. The plant and equipment required will cost $2898706 and will be depreciated on a straight-line basis. The new clubs will also require an increase in net working capital of $126808 that will be returned at the end of the project. The tax rate is 31 percent, and the cost of capital is 10 percent. What is the annual OCF for this project? (Round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.)

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