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Hubrey Home Inc is considering a new three year expansion project that requires an initial fixed asset investment of $3.6 million The fixed asset falls
Hubrey Home Inc is considering a new three year expansion project that requires an initial fixed asset investment of $3.6 million The fixed asset falls into Class 10 for tak purposes (CCA rate of 30% per year), and at the end of the three years can be sold for a salvage value equal to its UCC The project is estimated to generate $2,620,000 in annual sales, with costs of $829,000. If the tax rate is 35% what is the OCF for each year of this project? (Enter the answers in dollars. Do not round your intermediate calculations. Round the final answers to 2 decimal places. Omit sign in your response.) OCT OCE OCE 51353150 $ 1485450 $2888.06
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