Quad Enterprises is considering a new 4-year expansion project that requires an initial fixed asset investment of $2.052 million. The fixed asset will be depreciated straight-line to zero over its 4-year tax life, after which time it will be worthless (TIP: "worthless" = not sold, and so no sales proceeds are generated). The project is estimated to generate $1,824,000 in annual sales, with costs of $729,600. If the tax rate is 22 percent, what is the OCF for this project? Multiple Choice $1,014,817 $918,167 51,094,400 545,3,492 Quad Enterprises is considering a new 4-year expansion project that requires an initial fixed asset investment of $2.052 million. The fixed asset will be depreciated straight-line to zero over its 4-year tax life, after which time it will be worthless (TIP: "worthless" = not sold, and so no sales proceeds are generated). The project is estimated to generate $1,824,000 in annual sales, with costs of $729,600. If the tax rate is 22 percent, what is the OCF for this project? Multiple Choice $1,014,817 $918,167 51,094,400 545,3,492