Quad Enterprises is considering a new 2-year expansion project that requires an initial fixed asset investment of $6.372 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 $5,664,000 in annual sales, with costs of $2,265,600. If the tax rate is 22 percent, what is the OCF for this project?

Multiple Choice $3,351,672 $3,519,256 $165,672 $3,398,400 $3,184,088