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The financial staff of Cairn Communications has identified the following information for the first year of the roll - out of its new proposed service:
The financial staff of Cairn Communications has identified the following information for the first year of the rollout of its new proposed service:
Projected sales
$ million
Operating costs not including depreciation
$ million
Depreciation
$ million
Interest expense
$ million
The company faces a tax rate. What is the projects cash flow for the first year
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