Quad Enterprises is considering a new 5-year expansion project that requires an initial fixed asset investment of $2.97 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 $2,640,000 in annual sales, with costs of $1,056,000. If the tax rate is 22 percent, what is the OCF for this project? Multiple Choice $1,584,000 $772,200 $1,434,510 $1,366,200 $1,297,890