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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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