Soved 0 Homework i S10-01 Relevant Cash Flows [LO1 Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land six years ago for $3.6 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor instead. If the land were sold today, the company would net $4.1 million. The company wants to build its new manufacturing plant on this land; the plant will cost $18.1 million to build, and the site requires $950,000 worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g. 1,234,567.) Cash flow amount Prev 1 of 5i Next > rch di e apter 10 Homework 3 S10-09 Calculating Project OCF (LO1 Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investm straight-line to zero over its three-year tax life, after which time it will be worthless. The ent of $2.32 million. The fixed asset will be depreciated ints mauosproject is estimated to generate $1.735 million in annual sales, with costs of $650,000.If the tax rate is 21 percent, what is the OCF for this project? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) eBook Hint Print OCF 857,150