Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.9 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 $2,190,000 in annual sales, with costs of $815,000. If the tax rate is 21 percent, what is the OCF for this project? Asset investment $ Estimated annual sales $ Costs $ Tax rate Project and asset life 2,900,000 2,190,000 815,000 21% 3 Complete the following analysis. Do not hard code values in your calculations, Sales 2.190.000 Complete the following analysis. Do not hard code values in your calculations. $ $ Sales Costs Depreciation EBT Taxes Net income 2,190,000 815,000 966,667 OCF