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{Lt-2) The financial staff of Cairn Communications has identified the following information for the first year of the roli-out of its new proposed service: Projected

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{Lt-2) The financial staff of Cairn Communications has identified the following information for the first year of the roli-out of its new proposed service: Projected sales $13 million Operating costs (not including depreciation) $ 9 million Depreciation $ 4 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]

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