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Please solve. Esfandairi Enterptises is constdering a new three-yeat expanision project that requites an inltial fixed asset investment of $3.050,000. The fixed asset will be
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Esfandairi Enterptises is constdering a new three-yeat expanision project that requites an inltial fixed asset investment of $3.050,000. The fixed asset will be depreciated straight-line to zero over its three-yeor tax iffe, after which time it will be worthiess. The project is estimoted to generate $3,310,000 in annual sales, with costs of $2,330,000. If the tax rate is 23 percent, what is the OCF for this project? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9. 32.16 Step by Step Solution
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