Problem 2: Calculating Project OCF 10 Points Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.9 million. The fixed asset will be depreciated straight-line to zero over its three-year life, after which time it will be worthless (zero salvage value). The project is estimated to generate $2,190,000 in annual sales, with costs of $815,000. The applicable tax rate is 35 percent, and the required rate of return on the proiect is 12 percent. a) What is the Operating Cash Flow (OCF) for this project? b) What is the project's Net Present Value (NPV)? Create your Original Solution Below - Be sure to show all calculations and clearly indicate answers