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As assistant to the CFO of XYZ Inc., you must estimate the Year 1 cash flow for a project with the following data. What is

As assistant to the CFO of XYZ Inc., you must estimate the Year 1 cash flow for a project with the following data. What is the Year 1 cash flow?

Sales Revenue $11,000
Depreciation $3,000
Operating Expenses $5,000
Tax Rate 33%

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