Project 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 $ $22$ million

Operating costs $($not including depreciation$)$ $ $10$ million

Depreciation $ $5$ million

Interest expense $ $3$ million

The company faces a $25\%$ tax rate. What is the project's cash flow for the first year $($t $=1)?$

Enter your answer in dollars. For example, an answer of $$1\mathrm{.}2$ million should be entered as $$1,200,000.$ Round your answer to the nearest dollar.