The Book Store Is Considering a New Four-Year Expansion Project

The Book Store is considering a new four-year expansion project that requires an initial fixed asset investment of $2.1 illion.The fixed asset will be depreciated straight-line to zero over its four-year life,after which time it will be worthless.The project is estimated to generate $.98 million in annual sales,with costs of $.79 million.If the tax rate is 34 percent,what is the OCF for this project?

A) $303,900
B) $650,400
C) $284,280
D) $325,400
E) $291,640