Question: Tree's Ice Cubes is considering a new three year expansion project. The initial fixed asset Investment will be $1.80 million and the fixed assets will

Tree's Ice Cubes is considering a new three year expansion project. The initial fixed asset Investment will be $1.80 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 $1005,000, 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 $536,800 $812.246 5544200 $616,150 5746,150

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