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	$24 million
Operating costs (not including depreciation)	$10 million
Depreciation	$4 million
Interest expense	$3 million

The company faces a 35% tax rate. What is the project's operating cash flow for the first year (t = 1)? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Round your answer to the nearest dollar.

$_________

Note:

the solution I worked with in this steps:

Operating cash flow = net income + non cash expenses

operating cash flow = (24,000,000 - 10,000,000 - 4,000,000 - 3,000,000)*(1 - 0.35) + 4,000,000

operating cash flow = = 8,550,000 but this not correct.