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Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset Investment of $2.79 million. The fixed asset will be depreciated

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Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset Investment of $2.79 million. The fixed asset will be depreciated straight-line to zero over its three-year tax Iife, after which time it will be worthless. The project is estimated to generate $2,110,000 in annual sales, with costs of $805,000. if the tax rate is 35 percent, what is the OCF for this project? (Do not round Intermediate calculations, Enter your answer in dollars, not millions of dollars, o g. 1,234,567) OCF

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