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Quad Enterprises is considering a new 4-year expansion project that requires a al fixed asset...

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Quad Enterprises is considering a new 4-year expansion project that requires a al fixed asset investment of $5.4 million. The fixed asset will be depreciated straight-line to zero over its 4-year tax life, after which time it will be worthless. The project is estimated to generate $4,800,000 in annual sales, with costs of $1,920,000. If the tax rate is 23 percent, what is the OCF for this project? Multiple Choice $2,654,505

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