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plz help Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2,800,000. The fixed asset will be
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Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2,800,000. The fixed asset will be depreciated straight-line to zero over its three-year tox life, after which time it will be worthless. The project is estimated to generate $3,010,000 in annual sales, with costs of $2,030,000. 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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