Problem $9-8$ Calculating Project OCF $[$LO $2]$

Shue Music Company is considering the sale of a new sound board used in recording studios. The new board would sell for $$23,800,$ and the company expects to sell $1,550$ per year. The company currently sells $1,900$ units of its existing model per year. If the new model is introduced, sales of the existing model will fall to $1,570$ units per year. The old board retails for $$22,200.$ Variable costs are $56$ percent of sales, depreciation on the equipment to produce the new board will be $$1,575,000$ per year, and fixed costs are $$3,025,000$ per year. If the tax rate is $25$ percent, what is the annual OCF for the project?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$