Question: Problem 10-9 Calculating Project OCF [LO1] Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.76 million.

Problem 10-9 Calculating Project OCF [LO1] Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.76 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 generat with costs of $795,000. If the tax rate is 34 percent, what is the OCF for this project? (Do not round intermediate calculations. Enter your answer in dollars, not milions of dollars, e-g. 1,234,567.) e $2,100,000 in annual sales OCF

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