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Quad Enterprises is considering a new 4-year expansion project that requires an initial fixed asset investment of $1458 million. The fixed asset will be depreciated

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Quad Enterprises is considering a new 4-year expansion project that requires an initial fixed asset investment of $1458 million. The fixed asset will be depreciated straight-ine to zero over its 4-year tax life, after which time it will be worthless. The project is estimated to generate $1,296,000 in annual sales, with costs of $518.400 If the tax rate is 22 percent, what is the OCF for this project? Multiple Choice $652,382 $322,218 $777600 30 of 30

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