Summer Tyme, Inc., is considering a new 3-year expansion project that requires an initial fixed asset investment of $2.052 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 $1,824,000 in annual sales, with costs of $729,600. Required: If the tax rate is 31 percent, what is the OCF for this project?

• $283,176

• $918,817

• $1,094,400

• $967,176

• $1,015,535