The Beach House is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.402 million. The Beach House will also need to increase accounts receivable by $15,000 each year over the project's life. The project is estimated to generate $3,024,000 in annual sales, with costs of $1.209,600. The fixed asset will be depreciated straight-line to zero over its 3-year tax life, after which time it will be worthless. Required: If the tax rate is 31 percent, what is the OCF for this project? Multiple Choice O O $1,523,302 $1,603,476 O O $1,683,650 $1,814,400 O $469,476