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The finance team of Talbot has identified the following information for the first year of the project: Projected sales $18 million Operating costs (excluding depreciation)
The finance team of Talbot has identified the following information for the first year of the project: Projected sales $18 million Operating costs (excluding depreciation) $9 million Depreciation $2 million Interest expense $4 million i. The company faces a 25% tax rate. What is the cash flow for the first year?
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