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Quad Enterprises is considering a new 5 -year expansion project that requires an initial fixed asset investment of $1.566 million. The fixed asset will be

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Quad Enterprises is considering a new 5 -year expansion project that requires an initial fixed asset investment of $1.566 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 $1,392,000 in annual sales, with costs of $556,800. If the tax rate is 23 percent, what is the OCF for this project? Multiple Choice $750,897 $401,940 $679,383 $835,200 $715,140

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