Problem 9-9 Calculating Project OCF (LO 2] H. Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $3,100,000. 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 $3,370,000 in annual sales, with costs of $2,390,000. If the tax rate is 24 percent, what is the OCF for this project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) OCF