Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. cochrane, inc., is considering a new three-year ex

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

80.2K

Verified Solution

Question

Finance

image

Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,190,000. 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 $2,180,000 in annual sales, with costs of $1,170,000. Required: If the tax rate is 35 percent, what is the OCF for this project? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) OCF

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You want to use PCR to amplify a 1Kb exon of the human autosomal gene phenylalanine...

Biology
Q

why are allosteric enzymes always multimeric

Biology
Q

Any thought, emotion, or behavior is influenced by numerous neural clusters and brain structures functioning together....

Psychology
Q

Identify and discuss which core strategy is being employed by AT&T (home Security system)?brand strategy?And identify...

General Management
Q

5.29 Catalog Age lists the top 17 U.S. ?rms in annual catalog sales. Dell Computer is...

Basic Math
Q

You are about to start working at car dealership that is currently reporting losses due to...

Accounting
Q

41 Wave nature of light cannot explain photoelectric effect because in photoelectric effect it is...

Physics
Q

2 The price of breakfast cereals rise the demand for milk will increases decreases Which...

Basic Math
Q

Which of the following statements is true of a reflection? Select all that apply.It is...

Basic Math
Q

Use the washer method to find the volume of revolution generated by revolving the region...

Calculus
Q

On June 30, 2021, Naruto Uzumaki, Inc. leased a warehouse facility from Sasuke Uchiha Corporation....

Accounting
Q

its most recent fiscal year, Raphael Enterprises sold 370.000 electric screwdrivers at a price of...

Accounting