Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $1.188 million. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will be worthless. The project is estimated to generate $1,056,000 in annual sales, with costs of $422,400. Required: If the tax rate is 30 percent, what is the OCF for this project? Multiple Choice: $562,320 $633,600 $590,436 $166,320 $534,204