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Celsen Communications is trying to estimate the first-year cash flow (at Year 1) for a proposed project. The assets required for the project were fully

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Celsen Communications is trying to estimate the first-year cash flow (at Year 1) for a proposed project. The assets required for the project were fully depreciated at the time of purchase. The financial staff has collected the following information on the project: - Sales revenues: \$20 million -Operating costs: 14 million olnterest expense: 2 million The company has a 30% tax rate, and its WACC is 14%. What is the project's cash flow for the first year

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