Trae's Ice Cubes is considering a new three$-$year expansion project. The initial fixed asset investment will be $$2\mathrm{.}40$ million and the fixed assets will be

depreciated straight$-$line to zero over its three$-$year tax life, after which time the assets will be worthless. The annual sales of the project is estimated to

be $$1,005,000,$ with costs of $$485,000.$ What is the OCF for this project, if the tax rate is $21$ percent? $($Do not round intermediate calculations.$)$

Multiple Choice

$$692,480$

$$642,120$

$$724,400$