Calculating Project OCF [L01] Summer Tyme, Inc., is considering a new three- year expansion project that requires an initial fixed asset investment of $3.9 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 $2,650,000 in annual sales, with costs of $840,000. If the tax rate is 35 percent, what is the OCF for this project? Calculating Project NPV [L01] In the previous problem, suppose the required return on the project is 12 percent. What is the project's NPV? Calculating Project Cash Flow from