Summer Tyme , Inc., is considering a new three-year expansion project that requires an initial fixed

Summer Tyme , Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $3.9 million. The fixed asset will bedepreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $2,650,000 in annual sales,with costs of $840,000. If the tax rate is 35 percent, what is the OCF (operating cash flow) for this project? Fundamentals of Corporate Finance (9th) ch. 10, prob 9QP