Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.32 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 $1.735 million in annual sales, with costs of $650,000 . If the tax rate is 21 percentwhat is the OCF for this project?

1,131,460

1,908,120

1,019,550

1,113,760