h. cochran, inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.15 million. the fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. the project is estimated to generate $2.23 million in annual sales, with costs of $1.25 million. if the tax rate is 23 percent, what is the ocf for this project?
