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Quad enterprises is considering a new three year expansion project that requires an initial fixed asset investment of 2.67 million. The fixed asset will be

Quad enterprises is considering a new three year expansion project that requires an initial fixed asset investment of 2.67 million. The fixed asset will be depreciated straight line to zero over its three year tax life, after which time it will be worthless. The project is estimated to generate 2,070,000 in annual sales, with costs of 765,000. If the tax rate is 34 percent, what is the OCF for the project?

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