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Quad Enterprises is considering a new 2-year expansion project that requires an initial fixed asset investment of $5.346 million. The fixed asset will be depreciated

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Quad Enterprises is considering a new 2-year expansion project that requires an initial fixed asset investment of $5.346 million. The fixed asset will be depreciated straight-line to zero over its 2-year tax life, after which time it will be worthless. The project is estimated to generate $4,752,000 in annual sales, with costs of $1,900,800. If the tax rate is 23 percent, what is the OCF for this project? Multiple Choice O $2,810,214 $137,214 $2,950,725 $2,851,200 $2,669,703

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