QUESTION 25

1. A project will generate an additional $2.1 million in sales per year, and additional $1 million in cash operating costs per year. The $14 million project will be depreciated on the MACRS 10-year category schedule from the table. If the tax rate is 40%, calculate the year 3 NOCFt.

   		$1,466,400
   		$8,912,300
   		$1,109,278
   		$1,395,199
   		none of the above