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Quad Enterprises is considering a new 5-year expansion project that requires an initi fixed asset investment of $3.672 million. The fixed asset will be depreciated

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Quad Enterprises is considering a new 5-year expansion project that requires an initi fixed asset investment of $3.672 million. The fixed asset will be depreciated straight- to zero over its 5-year tax life, after which time it will be worthless. The project is estimated to generate $3.264.000 in annual sales, with costs of $1,305,600. If the tax rate is 22 percent, what is the OCF for this project? Multiple Choice $1,689,120 $1,604,664 S1604.668 $954,720 $1,773,576 $1,958,400

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