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Quad Enterprises is considering a new 2-year expansion project that requires an initial fixed asset investment of $5.994 million. The fixed asset will be depreciated

Quad Enterprises is considering a new 2-year expansion project that requires an initial fixed asset investment of $5.994 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 $5,328,000 in annual sales, with costs of $2,131,200. If the tax rate is 24 percent, what is the OCF for this project?

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$3,148,848

$3,306,290

$3,196,800

$2,991,406

$151,848

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