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Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.158 million. The fixed asset will be depreciated

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Quad Enterprises is considering a new 3-year expansion project that requires an initial fixed asset investment of $4.158 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 $3,696,000 in annual sales, with costs of $1,478,400. If the tax rate is 24 percent, what is the OCF for this project? Multiple Choice 0 $632,016 $2,018,016 0 $2,217,600 $2,118,917 0 $1,917,15

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