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Summer Tyme, Inc., is considering a new 6-year expansion project that requires an initial fixed asset Investment of $6.048 million. The fixed asset will be

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Summer Tyme, Inc., is considering a new 6-year expansion project that requires an initial fixed asset Investment of $6.048 million. The fixed asset will be depreciated straight-line to zero over its 6-year tax life, after which time it will be worthless. The project is estimated to generate $5,376,000 in annual sales, with costs of $2,150,400. Required: If the tax rate is 34 percent, what is the OCF for this project? rev: 09_18_2012 $2,348,035 O $2,471,616 $2,595,197 $3,225,600 $1,463,616

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