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Quad Enterprises is considering a new 4-year expansion project that requires an initial fixed asset investment of $1.674 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 $1.674 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 $1,488,000 in annual sales, with costs of $595,200. If the tax rate is 22 percent, what is the OCF for this project? Multiple Choice $788,454 O $892,800 O $749,031 $827,877 O O O $369,954

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