Quad Enterprises is considering a new $5-$year expansion project that requires an initial fixed asset investment of $$6\mathrm{.}21$ million. The fixed asset will be depreciated straight$-$line to zero over its $5-$year tax life, after which time it will be worthless. The project is estimated to generate $$5,520,000$ in annual sales, with costs of $$2,208,000.$

If the tax rate is $24$ percent, what is the OCF for this project?

Multiple Choice

$$2,674,440$

$$3,312,000$

$$2,815,200$

$$1,573,200$

$$2,955,960$