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4) Colsen Communications is trying to estimate the first-year cash flow (at Year 1) for a proposed project. The financial staff has collected the following

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4) Colsen Communications is trying to estimate the first-year cash flow (at Year 1) for a proposed project. The financial staff has collected the following information on the project: Sales revenues, each year $34,750 Depreciation $10,000 Other operating costs $17,000 Interest expense $4,000 The company has a 40% tax rate, and its WACC is 11%. What is the project's cash flow for the first year

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