Quad Enterprises is considering a new 2-year expansion project that requires an initial fixed asset investment of $3.78 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 $3,360,000 in annual sales, with costs of $1,344,000. If the tax rate is 24 percent, what is the OCF for this project?

• $1,985,760

• $1,886,472

• $2,016,000

• $95,760

• $2,085,048