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

Esfandairi Enterprises is considering a new three$-$year expansion project that requires an initial fixed asset investment of $$2,200,000.$ The fixed asset will be depreciated straight$-$line to zero over its three$-$year tax life, after which time it will be worthless. The project is estimated to generate $$2,290,000$ in annual sales, with costs of $$1,310,000.$ If the tax rate is $21$ percent, what is the OCF for this project?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$