Operating Cash Flow The financial staff of Cairn Communications has identified the following information for the first
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Question:
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)?
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