$9.$ Calculating Project OCF $[$O$1]$ Chauhan Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $\backslash (\backslash$$ $1\mathrm{.}96\backslash )$ million. The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life, after which time it will be worthless. The project is estimated to generate $\backslash (\backslash$$ $1\mathrm{.}445\backslash )$ million in annual sales, with costs of $\backslash (\backslash$$ $580,000\backslash ).$ If the tax rate is $21$ percent, what is the OCF for this project?