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Summer Tyme, Inc., is considering a new 5-year expansion project that requires an initial fixed asset investment of $1.512 million. The fixed asset will be

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Summer Tyme, Inc., is considering a new 5-year expansion project that requires an initial fixed asset investment of $1.512 million. The fixed asset will be depreciated straight-line to zero over its 5-year tax life, after which time it will be worthless. The project is estimated to generate $1,344,000 in annual sales, with costs of $537,600 Required: If the tax rate is 34 percent, what is the OCF for this project? $603 288 $806,400 O $666,792 $332,640 O $635,040

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