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:

• Projected sales =$18 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)?