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please i need help solving A company is trying to estimate the first-year cash flow (at Year 1) for a proposed project. The financial staff
please i need help solving
A company is trying to estimate the first-year cash flow (at Year 1) for a proposed project. The financial staff has collected the following information on the project: Sales $17.7 million Optg costs (Excluding Depreciation) $12.3 million Depreciation $2.5 million Interest Expense $2.4 million The company has a 40% tax rate, and its WACC is 11%. What is the project's cash flow in year 1? Express your answer in millions and round to the nearest decimal place. (For example, if you answer is $13.26 million, enter 13.3) Step by Step Solution
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