Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $1.512 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will be worthless. The project is estimated to generate $1,344,000 in annual sales, with costs of $537,600. If the tax rate is 23 percent, what is the OCF for this project? Multiple Choice $736,848 $232,848 $806,400 $700,006 $773,690