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eBook Problem 11-02 Operating Cash Flow The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its new proposed service: $20 million Projected sales Operating costs (not including depreciation) $9 million Depreciation $5 million Interest expense $3 million The company faces a 40% tax rate. What is the project's operating cash flow for the first year (t = 1)? Write out your answer completely. For example, 2 million should be entered as 2,000,000. 9800000 Hide Feedback Incorrect Hint(s) Check My Work Olcon Key