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Projected Sales: $18 million Operating Costs (not including depreciation): $9 million Depreciation: $4 million Interest Expense: $3 million Tax rate= 40% What is the project's

Projected Sales: $18 million Operating Costs (not including depreciation): $9 million Depreciation: $4 million Interest Expense: $3 million Tax rate= 40% What is the project's operating cash flow for the first year?

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