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Quad Enterprises is considering a new 4-year expansion project that requires an initial fixed asset investment of $4.266 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 $4.266 million. The fixed asset will be depreciated straight-line to zero over its 4-year tax life, after which time it will be worthless. The project is estimated to generate $3,792,000 in annual sales, with costs of $1,516,800. If the tax rate is 24 percent, what is the OCF for this project? Multiple Choice O $1,985,12 0 $2,084,368 O $918,612 O $2,275,200 0 $1,885,856

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