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Summer Tyme, Inc., is considering a new 4-year expansion project that requires an initial fixed Investment of $2.052 million. The fixed asset will be depreciated

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Summer Tyme, Inc., is considering a new 4-year expansion project that requires an initial fixed Investment of $2.052 million. The fixed asset will be depreciated straight-line to zero over its 4 after which time it will be worthless. The project is estimated to generate $1,824,000 in annual costs of $729,600. Required: If the tax rate is 31 percent, what is the OCF for this project? O $914,166 O $868,458 O $959,874 O $1,094,400 O $401,166 References eBook & Resources Multiple Choice Learning Objective: 10-01 How flows for a proposed project

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